View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cloud
September 8, 2015

Interoute plans Easynet £402m takeover

Operator makes biggest investment ever as it eyes the European digital market with cloud and network services.

By Joao Lima

Interoute is set to acquire European managed services provider Easynet for £402 million, in plans to add scale, skills and capability to its portfolio.

The operator expects the takeover to expand its networked cloud and communications services to national and multinational enterprises worldwide.

The move will enable enterprise, government and service provider customers of the merged group to access a full suite of the combined companies products and services.

Interoute added that on a pro forma basis, after giving effect to the acquisition, total company revenue is projected to top €700 million in the 12 months ended 30 June 2015.

Gareth Williams, Interoute’s CEO, said: "[This move] is 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."

Mark Thompson, CEO of Easynet, added: "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."

Content from our partners
Technology and innovation can drive post-pandemic recovery for logistics sector
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU