Feeds

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

NetBenefit's parent becomes its customer

High performance access to file storage

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. ®

3 Big data security analytics techniques

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 threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.