Feeds

Virtual Internet reverses into Charriol

£15 million price tag for Net services company

  • alert
  • submit to reddit

High performance access to file storage

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.®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.