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.

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

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