Claranet has acquired French Web Host Typhon for £3.4m. The acquisition of Typhon follows acquisitions earlier this year of Star Technology Services (in November) in a deal valued at £55m; and Portuguese hosting service provider CGEST (in July). This latest acquisition further confirms Claranet’s position as the largest mid-tier provider of integrated hosting and network services in the UK and continental Europe.
Founded in 2005 and based in Paris, Typhon is recognised as a specialist in web and open source hosting services. The acquisition broadens still further Claranet’s existing service portfolio, and sees the Claranet Group grow to over 700 employees, with over 4,700 customers and operations in six European markets. The new combined Group will have annual revenues of over £124m.
The acquisitions have been funded through debt and supported by Claranet’s partnerships with The Royal Bank of Scotland (RBS), Ares Capital Europe and Abry Partners, which demonstrate their confidence in Claranet’s growth strategy. – www.claranet.co.uk/
