Feeds

Virtual Internet reverses into Charriol

£15 million price tag for Net services company

  • alert
  • submit to reddit

Boost IT visibility and business value

Charriol plc -- an AIM-listed company -- is coughing up £15 million for Virtual Internet in a bid to reposition itself as an Internet services group. The deal is in effect a reverse takeover by Virtual, as Charriol is a shell...existing as a company in name only. Founded two years ago by Jason Drummond, Virtual Internet provides a number of services including hosting Web sites, registering domain names and supporting e-commerce and e-mail services. It has a number of high-profile clients including Nestle and Littlewoods, and hosts around 9,000 Web sites. It recently entered a three-month trial with AOL to become the sole provider of domain name registrations, e-mail, e-commerce and Web-hosting for the portal's UK business. Once the deal has been completed Charriol will change its name to VirtualInternet.net plc. Drummond will become the major shareholder with almost 70 per cent of Charriol's enlarged issue share capital. He will also be appointed a director of the company. The company is also on the prowl for other acquisitions in the IT sector and has confirmed that it is already in talks with a number of prospective businesses.®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.