PEER 1 Hosting has today announced its acquisition of UK managed hosting firm NetBenefit for £25m.
NetBenefit reported revenues of £7m in 2011 and has operations in UK and France serving approximately 700 customers.
The acquisition positions PEER 1 Hosting as the number two provider of SME Managed Hosting services in the UK and creates a platform to support their growth in Europe. In the last 12 months, PEER 1 Hosting grew annualised run-rate revenues by 100 percent in EMEA.
“This deal strengthens our position as a full solution provider in the UK, which sees us now become a compliant PCI Data Security Standard (PCI DSS) Level 1 provider, with a datacentre in London for customers demanding low-latency hosting,” explains Dominic Monkhouse, managing director EMEA of PEER 1 Hosting. “NetBenefit’s presence in France also allows us to extend our outstanding customer experience into Europe.”
PEER 1 Hosting reckons the integration of NetBenefit’s two datacentres in to its high performance ‘FastFiber Network’ will create significant opportunities for additional peering and transit service revenues. As part of the agreement, NetBenefit’s parent company, Group NBT, will become a direct customer of PEER1 Hosting.
-
Asus ZenScreen Fold OLED MQ17QH reviewReviews A stunning foldable 17.3in OLED display – but it's too expensive to be anything more than a thrilling tech demo
-
How the UK MoJ achieved secure networks for prisons and offices with Palo Alto NetworksCase study Adopting zero trust is a necessity when your own users are trying to launch cyber attacks
-
How simplicity benefits the IT partner ecosystemSponsored Content Across private cloud and AI adoption, simple approaches can unlock more time and money for IT teams
-
A focused shift to partner-delivered services generates new opportunities with BroadcomSponsored Content Broadcom is investing in professional services — delivered through partners — for long-term customer success
-
VCF: The key to cloud success now and in the futureSponsored Content Private cloud offers the security and scalability that modern enterprises require
-
Moving Broadcom VMware licenses to subscription-based modelsSponsored Content With a committed channel, Broadcom makes the journey to subscription-based VMware licenses as smooth as possible
-
VMware needs to win back trust – and VMware Explore Barcelona 2024 is its chance to do soAnalysis After a year of heavily criticized messaging, VMware will need to hit reset and prove it can meet customer needs and demands
-
Why Broadcom is offloading VMware’s end user computing divisionNews Broadcom’s decision to sell the division marks the latest in a string of sales and product cuts since the VMware acquisition cleared
-
VMware’s vision solidifies with Broadcom’s reassuranceAnalysis With Broadcom’s acquisition of VMware now complete, customers can breathe a sigh of relief
-
Broadcom to close VMware merger after securing China approvalNews The landmark Broadcom VMware acquisition is expected to close on Wednesday 22 November
