Feeds

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

NetBenefit's parent becomes its customer

3 Big data security analytics techniques

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. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T dangles gigabit broadband plans over 100 US cities
So soon after a mulled Google Fiber expansion, fancy that
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
Turnbull gave NBN Co NO RULES to plan blackspot upgrades
NBN Co faces huge future Telstra bills and reduces fibre footprint
NBN Co plans fibre-to-the-basement blitz to beat cherry-pickers
Heading off at the pass operation given same priority as blackspot fixing
NBN Co in 'broadband kit we tested worked' STUNNER
Announcement of VDSL trial is not proof of concept for fibre-to-the-node
prev story

Whitepapers

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.
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.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.