Feeds

Equistone borgs Easynet, MDNX in double-slurp

Layoffs likely in the new year

Secure remote control for conventional and virtual desktops

Lloyds Development Capital is getting out of Easynet, with Equistone to be announced as the buyer for most of the company later today (excepting its operations in Germany). Easynet will at the same time acquire UK integrator MDNX, according to a tip-off from a Reg reader.

LDC bought into Easynet in 2010, acquiring it from Sky for £100m.

The Register has sighted a letter from Easynet chairman and CEO Greg Clarke to BSB's CEO Jeremy Darroch, advising of the M&A activity and assuring BSB that the new entity will “continue to provide an excellent hosting platform to Sky News Arabia”.

Once the transaction is completed, the letter states that MDNX's Mark Thompson will be CEO of the new group, while Clarke will remain as chairman.

The letter says the merger “will provide significant mutual business benefits”, with MDNX getting a basis for offshore expansion, while Easynet gets broader customer reach in the UK.

Easynet Germany will be retained by its current owners to focus on its e-commerce platform.

The Register's informant claims that the new business will announce redundancies on January 3, 2014. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.