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September 3, 2010

Easynet Global Services completes sale to private equity firm

David Rowe to remain Easynet CEO

By CBR Staff Writer

Provider of managed offerings and business connectivity services Easynet, has announced its sale from BSkyB (Sky) to Lloyds Development Capital (LDC), the private equity arm of Lloyds Banking Group for £100m.

Chief executive officer, David Rowe, who founded Easynet in 1994, will remain in the role.

The company retains the International network and Data Centre assets and in the UK continues with an exclusive and long term relationship with Sky for the use of Sky’s access network.

Easynet also retains the core IP infrastructure and network management functions responsible for routing traffic intelligently around customers’ networks.

Easynet said that it continue with its strategy to offer complex international managed networks and managed hosting services to businesses around the world.

David Rowe said that the LDC’s strategy is closely aligned to their business plan and this will allow them to take a longer-term view of the investments they make to give their customers competitive edge.

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