PEER 1 Hosting to Acquire UK-based Managed Hosting Provider

Informations

• Publié par: peer-1-hosting
• Nombre de lectures: 10
• Langue: English

Extrait

PEER 1 Hosting to Acquire UK-based Managed

Hosting Provider

PR Newswire

SOUTHAMPTON, England, June 6, 2012

SOUTHAMPTON, England

,

June 6, 2012

/PRNewswire/ --

Acquisition makes PEER 1 Hosting #2 for UK SMEs

PEER 1 Hosting (TSX: PIX), the global web hosting provider, announced today

that it has signed a definitive agreement to acquire all of the outstanding

shares in the capital of NetBenefit (UK) Limited, a leading UK-based managed

hosting company and division of

London

-based Group NBT Limited, for £25m in

cash. NetBenefit reported revenues of £7m in 2011 and has operations in UK

and

France

serving approximately 700 customers.

The acquisition firmly positions PEER 1 Hosting as the number two provider of

SME Managed Hosting services in the UK and creates a platform to support

their growth in

Europe

. In the last 12 months, PEER 1 Hosting grew annualised

run-rate revenues by 100% in EMEA.

"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 datacentre in

London

for customers demanding low-latency

hosting," said Dominic Monkhouse, Managing Director EMEA of PEER 1 Hosting.

"NetBenefit's presence in

France

also allows us to extend our outstanding

customer experience into

Europe

."

Integration of NetBenefit's two existing datacentres into PEER 1 Hosting's high

performance FastFiber Network™ will create significant opportunities for

additional peering and transit service revenues. As part of the agreement,

Group NBT will become a direct customer of PEER1 Hosting. The merger of a

large number of highly skilled staff also means PEER 1 Hosting customers will

have access to an outstanding pool of technical talent.

"PEER 1 Hosting has a great reputation for customer service and as an

outstanding employer," said Gary McIlraith Chief Executive of Group NBT

Limited, owners of NetBenefit. "The breadth and scale of their cloud offering

will bring increased choice for our loyal customer base. We are 100% confident

that this is good news for us, our customers and staff."

PEER 1 Hosting was recently recognised as one of the 'Top 25 Best Workplaces,

small business category' by the Great Place to Work® Institute.

About PEER 1 Hosting

PEER 1 Hosting is one of the world's leading web hosting providers. The

company is built on two obsessions: Ping & People. Ping, represents its

commitment to best-in-breed technology, founded on a high performance

10Gbps FastFiber Network™ connected by 18 state-of-the-art datacentres, 22

points-of-presence and 10 colocation facilities throughout

North America

and

Europe. People, represents its commitment to delivering outstanding customer

service to over 12,000 customers worldwide, backed by a 100 percent uptime

guarantee and 24x7x365 FirstCall Support™. PEER 1 Hosting's portfolio

includes Managed Hosting, Colocation and Dedicated Servers

under the

ServerBeach brand, and Cloud Services through Zunicore. Founded in 1999, the

company is headquartered in

Vancouver, Canada

, with European operations

headquartered in

Southampton

, UK. PEER 1 Hosting shares are traded on the

TSX under the symbol PIX. For more information

visit: http://www.peer1hosting.co.uk.

About NetBenefit

Established in 1995, NetBenefit is one of the UK's most experienced managed

hosting companies. We specialise in providing tailored managed hosting

solutions that deliver security, resilience and online performance for business

critical websites, applications and online advertising campaigns.

We have evolved with the internet to our position today as a leading provider of

bespoke, flexible managed hosting solutions to well-known brands such as New

Statesman and British Red Cross. While remaining small enough to be

committed to the success of all our customers.

Our team consists of experienced consultants, pre-sales, project managers,

technical architects and engineers, all of whom are here to help guarantee the

online success of your business. We are focused on delivering hosting peace of

mind so that our customers can focus on what they do best.