Interoute, owner-operator of one of Europe’s largest networks and a global cloud hosting services platform, has acquired data center company Easynet. The transaction places an enterprise value of £402 million, about $617 million on Easynet.
The acquisition will enable customers of the merged group to access a full suite of the combined companies products and services.
Interoute provides a range of Unified Connectivity (UC), computing and communications products and services to multinational and national enterprises, such as UEFA, the European Space Agency, SCA and Saxo Bank, global telecommunications operators and internet content providers.
Easynet is a managed service provider with over twenty years’ experience delivering integrated networks, hosting and unified communications solutions to national, international and global customers. Enhancing these core areas of expertise is a range of complimentary services including colocation, security, voice and application performance management.
“These are exciting times for Interoute and our customers as we create a leading, independent European ICT provider,” said Gareth Williams, Interoute’s CEO. “It’s the next step in our acquisition strategy and moves us much closer to our goal of being the provider of choice to Europe’s digital economy.”
Easynet recently expanded its Enterprise Cloud with new platforms in Washington, Singapore and Sydney, to provide better performance, low latency and compliance.
“I believe this acquisition will bring great benefits to both Interoute‘s and Easynet’s customers,” said Mark Thompson, CEO of Easynet. “The combined companies can offer broader and deeper connectivity options, as well as an expanded portfolio of products and services, and the acquisition will further expand an already market-leading cloud hosting capability in Europe.”