Six Degrees raises £8m and completes acquisition of Cloud Computing Centre

Six Degrees raises £8m and completes acquisition of Cloud Computing Centre

Six Degrees Group today announced that it has raised £8 million ($12.4m) in new funding from Penta Capital and has completed the acquisition of Cloud Computing Centre (CCC).

Six Degrees Group is a privately-owned managed data services provider. It serves UK mid-market and corporate customers. The Group has a converged services portfolio including datacentre, connectivity, voice and cloud offerings.

F**k it, we'll do it live!

Our biggest ever edition of TNW Conference is fast approaching! Join 10,000 tech leaders this May in Amsterdam.

On the acquisition, Alastair Mills, CEO of Six Degrees Group, stated, “This is a significant acquisition for us as it reinforces our mid-market focus, strengthens our managed cloud hosting team and brings outstanding technical capabilities to the Group.”

Surrey-based CCC focuses its business on the cloud market and brings over 100 mid-market hosting customers to the deal. The acquisition takes Six Degrees Group’s run-rate position to £50m revenue and £12m EBITDA.

CCC’s cloud platform is highly complementary to the existing Six Degrees technology and they are also a Microsoft Gold Partner and Silver Hosting Partner, bringing incremental skill sets for Microsoft Hyper-V to the Group.

The latest round of funding follows £60 million already secured last year and a further £25 million through a credit facility earlier this year.

The Six Degrees Group appears to be growing its portfolio steadily. In February this year it acquired Ultraspeed, a London-based managed hosting and cloud services provider.

Image Credit: mnsc

Read next: The world's first 3D-printed gun is a terrifying thing

Shh. Here's some distraction

Comments