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TelecityRedbus Closes Globix UK Deal.
2006-09-07, HostMan.biz TelecityRedbus today announced that it has completed its $62 million (approximately GBP33 million) acquisition of Globix Corporation's wholly-owned UK subsidiary, Globix Holdings (UK) Limited. The merged businesses have created one of Europe's most advanced data centre networks, providing businesses with over 550,000 sft of high-tech hosting infrastructure in 19 fully-fitted data centres, across seven European countries. The acquisition also includes Globix' industry-leading Internet network infrastructure, providing direct high-speed links to the major European business hubs of Paris, Frankfurt and Madrid. In addition, Globix brings one of the industry's most complete portfolios of managed services including managed hosting solutions, disaster recovery, network security and application management. ``The acquisition of Globix UK puts TelecityRedbus in an unrivaled position. We are now able to provide new and existing customers with the most advanced data centre services in Europe,'' said Mike Tobin, CEO of TelecityRedbus. ``Globix has a significant presence in the market, and we have combined the strengths of Globix' infrastructure and employees with our own business to ensure that our customers are able to take full advantage of the burgeoning Internet market. We will continue to look at other complementary acquisitions in the future,'' continued Mike. The acquisition will: -- Expand TelecityRedbus' operational footprint to 550,000 sft in 19 fully-fitted data centres, across seven European countries -- Deliver a comprehensive portfolio of managed data centre services to over 2,000 customers from FTSE 100 companies through to SMEs and the public sector -- Broaden and deepen market and product knowledge to enable the rapid delivery of new products and service solutions ``Both companies had reached a similar level of maturity, and market conditions for an acquisition were favorable,'' said Philip Cheek, Managing Director, Globix UK. ``TelecityRedbus and Globix have extremely complementary businesses and the motivation for this deal was simply to create the leading provider of data centre services in Europe. Combining both these forces will bring huge benefits and opportunities to businesses looking to benefit from the Internet.'' The integration of the two businesses will commence immediately and will be completed towards the end of the year. Mike Tobin will continue as the CEO and Philip Cheek, Managing Director of Globix UK will be responsible for the integration of the two businesses. The Globix management team will remain with the company and take on senior positions. TelecityRedbus now has over 300 employees and is continuing to grow its operations. It projects a combined turnover of at least GBP76 million for 2006. |
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