Feeds

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

NetBenefit's parent becomes its customer

5 things you didn’t know about cloud backup

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. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
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.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?