Datahop snapped up by Six Degrees
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Six Degrees Group has continued with its busy M&A period by acquiring Datahop, a datacentre interconnection business, GrowthBusiness can exclusively reveal.
A week on from the business' purchase of two complementary cloud businesses, Six Degrees has purchased Datahop and will now be investing in its network by undertaking a 'multi-million pound upgrade' as a prelude to launching its new data centre.
Six Degrees' expanded network will bring together the likes of Telecity, Interxion and Iomart and will mean that its revenues will hit £44 million, with EBITDA of £11 million.
On top of this Six Degrees will be investing millions of pounds to provide new data centre services which will see a convergence of its voice, data and hosting portfolio and will connect it to European and American financial centres.
Founder Alastair Mills set up Six Degrees after selling his previous venture, SpiriTel, to AIM-listed communications business Daisy Group for £27 million. Six Degrees was established through the acquisitions of data centre provider UKSolutions, technology business NetworkFlow and voice player Protel. Prior to its foundation Six Degrees raised £60 million of funding.
Daniel Lowe, managing director of Six Degrees Group's managed data division, comments, 'This announcement marks a significant step-change in the scale, reach and capability of the Six Degrees Group network.
'Datahop's technologies will allow us to deliver higher bandwidth, and a broader range of services to our customers. Our ability to link people, places and clouds has been boosted significantly with the flexible service creation capability we now offer to the market.'
Mills, CEO of Six Degrees, says that the company's goal for 2012 is to become one of the top five hosting and cloud providers in the UK.