Feeds

PEER 1 gobbles up UK managed-hosting biz for £25m

NetBenefit's parent becomes its customer

Providing a secure and efficient Helpdesk

Global hosting firm PEER 1 Hosting has snapped up NetBenefit, a Brit-based hosting company, for £25m in cold hard cash.

NetBenefit, a division of internet service provider Group NBT, provides managed hosting services for UK and French businesses and had reported revenues of £7m last year.

"This deal strengthens our position as a full solution provider in the UK, which sees us now become a compliant PCI Data Security Standard (PCI DSS) Level 1 provider, with a data centre in London for customers demanding low-latency hosting," Dominic Monkhouse, EMEA MD, understatedly enthused in a canned statement. "NetBenefit's presence in France also allows us to extend our outstanding customer experience into Europe."

PEER 1 is going to be slipping NetBenefit's two data centres into its FastFiber Network and nabbing Group NBT as a customer in the deal, which it reckons will position it firmly in the UK's number two spot for small and medium business managed hosting services.

A spokesperson told The Register that no jobs would be lost as the two firms merged, adding that one of the things that attracted PEER 1 to NetBenefit was its talented staff.

He said that the deal was expected to close by the end of this month. ®

Secure remote control for conventional and virtual desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.