Interoute to acquire UK telco Easynet
Wed 9 Sep 2015
Interoute has this week confirmed its plans to acquire British managed services provider Easynet for £402mn (approx. $619mn) – a deal which it hopes will help support the sale of its telecom solutions to large businesses and government bodies.
In March two new investors, Aleph Capital Partners and Crestview Partners, funnelled an undisclosed amount into Interoute, receiving a 30% stake in the European cloud provider. The financial backing has spurred a number of acquisitions on which the company aims to build a strong presence throughout Europe and the rest of the world.
Interoute has said that the deal will bring a fuller offering of products and services to business, government and service provider customers of the two firms. Interoute’s current portfolio includes 12 data centres, 14 virtual data centres (VDCs), as well as 31 colocation facilities. It also has close partnerships with a further 195 third-party data centres in Europe, involved in its 24 connected city networks.
Easynet boasts a number of high-profile vendor relationships including with Sports Direct, EDF, Bouygues, Anglian Water and Levi Strauss. It has also established partnerships with many government departments and industry standard accreditors, operating to meet recognised guidelines. Easynet’s cloud platform is location-sensitive to meet data sovereignty laws in each of its country locations. The company is also one of the few providers approved by the UK’s Government Procurement Service.
“These are exciting times for our customers,” said Interoute’s CEO Gareth Williams. “Interoute is creating a leading, independent European ICT provider. This is the next step in our acquisition strategy and moves us much closer to our goal of being the provider of choice to Europe’s digital economy,” he continued.
Easynet CEO Mark Thompson added: “The combined companies can offer broader and deeper connectivity options, as well as an expanded portfolio of products and services […] The acquisition will expand an already market-leading cloud hosting capability in Europe.”
Neither company has revealed a close date for the deal.