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NetBenefit buys Easily for £2.5m

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NetBenefit has bought rival British domain name and webhosting outfit Easily Ltd for £2.5m in cash and shares. It says the acquisition will help it reduce costs by £300,000 in the first financial year.

Established in 1999 and based in London, Easily has some 100,000 customers, drawn mostly from consumers and small and medium-sized businesses. In 2003 it generated £2.5m in revenues and made a pre-tax profit of £84,000.

Geoff Wicks, NetBenefit chief exec, said the acquisition was earnings enhancing and "provides an excellent platform for continued expansion of our domain name and hosting services."

He said the company is experiencing strong demand for its services and he anticipates the "outcome for the current financial year will be ahead of market expectations". ®

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Whitepapers

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Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.