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This article was published on July 26, 2012


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

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

    Jamillah is the UK Editor for The Next Web. She's based in London. You can hear her on BBC Radio 5Live's Outriders. Follow on Twitter @jemi Jamillah is the UK Editor for The Next Web. She's based in London. You can hear her on BBC Radio 5Live's Outriders. Follow on Twitter @jemimah_knight or drop a line to [email protected]

    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 acquiredUltraspeed, a London-based managed hosting and cloud services provider.

    Image Credit: mnsc