Feeds

186k buying another company

Receives financial backing too

Boost IT visibility and business value

186k - the Leeds-based ISP headed by Internet entrepreneur Dominic Marrocco - has received a stack of cash to help it buy up more companies.

As part of the deal Bank of Scotland Corporate effectively becomes a "sleeping partner" in the business until such times as "certain conditions" are met and BoS decides to invest further.

Exactly how much BoS has stumped up remains a closely guarded secret although 186k has disclosed that the "multi-million pound partnership" [there's a clue there, surely? Ed.] will help fund the company's ambition for further "consolidation and convergence in the ISP sector".

In September, 186k acquired London-based provider Mailbox Internet for around a couple of a million quid. And over the last year or so it has snapped up Northern-based Elite Internet Services and acquired a major stake in Middlesborough-based Onyx Internet.

What's more, it seems the acquisitive ISP could be about to net another purchase within the next couple of weeks.

"186k is currently in the process of closing another deal, which will further boost the capabilities of the company," it said in a statement today.®

Seven Steps to Software Security

More from The Register

next story
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
NBN Co execs: No FTTN product until 2015
Faster? Not yet. Cheaper? No data
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
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.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.