Claranet buys VIA NET.WORKS UK
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Posted in Financial News, 28th September 2004 08:34 GMT
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Claranet has snapped up the UK business of VIA NET.WORKS, Inc. for £7.3m ($13.2m), in yet another round of consolidation in the UK ISP sector. The deal comes a year or so after Claranet snaffled up Netscalibur UK.
No one from the company was available for comment at the time of writing to discuss the wider implications of the deal.
However, in a statement, Claranet chief exec Charles Nasser said: "Following our past acquisitions on the continent and last year's acquisition of Netscalibur, Claranet is consolidating its position as the leading non-telecommunications Internet Service Provider to business, adding to the group's revenues and profits."
Rhett Williams, VIA's CEO, chipped in: "Following our acquisitions of Amen and PSINet Europe this year, this transaction furthers the emphasis of our revenue mix towards hosting, security and other managed services. It also allows us to focus on our core operations in continental Europe and the US." ®
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