Six Degrees Group acquires Firstserv and Serverstream

Six Degrees Group acquires Firstserv and Serverstream

Six Degrees Group has acquired managed hosting and cloud providers Firstserv and Serverstream, the company announced today (15 May).

The London-based companies were both founded over 10 years ago and focus exclusively on the hosting market, with a particular emphasis on the digital media, publishing and leisure sectors. Customers include Sunseeker, The Spectator and Port of London Authority.

Both acquisitions will be integrated into Six Degrees Group’s managed data division where they will add an estimated £3m of hosting revenues, representing a mix of managed hosting, cloud hosting – virtual private, private and hybrid – and complex web hosting.

Seventeen staff will join Six Degrees Group where they will focus on integrating and expanding the company’s hosting platforms. The acquisitions are part of a series of strategic investments being made in the Six Degrees Group’s cloud offering, the company said.

Following these transactions, Six Degrees Group’s run-rate revenues now exceed £40m with underlying EBITDA of over £10m. The company continues to enjoy strong double-digit organic growth, underpinned by cross-selling.

Six Degrees Group CEO Alastair Mills (pictured) said: 'I am delighted to welcome both Firstserv and Serverstream to Six Degrees Group. This announcement sees the Group continue to focus on managed data services, particularly in the fast-growing cloud hosting sector. Our goal for 2012 is to become one of the top five hosting and cloud providers in the UK.'

Firstserv MD Gordon Kenneway said: 'This is an important day for all at Firstserv. Our employees will now have access to a larger, geographically diverse hosting platform with best-in-class compute and storage resources, which is also a very exciting step for our customers. I am looking forward to joining Alastair and the Six Degrees team to help establish their position as one of the UK’s fastest growing cloud companies.'

Serverstream MD Jonathan Obadia commented: 'We are excited to be joining Six Degrees Group. Serverstream has a strong reputation for delivering complex hosting solutions to mid-market customers and this merger enables us to continue our expansion with additional services, scale and geographical diversity. Our customers will continue to receive the same exceptional levels of service and support that they’ve become accustomed to, with the added benefit of access to additional resources and complementary services.'

Written by Mobile Today
Mobile Today


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