Ultraspeed becomes sixth acquisition by Six Degrees

Jennifer Scott News
20 Feb, 2012

The hosting and Virtual Cloudsvider is the latest string Six Degrees has added to its bow

Six Degrees today announced it had acquired Ultraspeed, making it the sixth acquisition in the company’s short history.

Ultraspeed was founded in 1998 to provide managed hosting solutions to customers ranging from Nando’s to the British Heart Foundation.

Over 14 years, the firm has built up a large base, averaging £25,000 a year from each customer and providing to a number of FTSE 250 companies.

Now it will join Six Degrees as part of its managed data division and continue to serve the mid-market - the target market of its parent company.

"I decided that it was right for Ultraspeed to join Six Degrees Group as that will allow us to add strong network and data centre offerings to our proposition, along with converged services, giving us a strong end-to-end capability,” said Jordan Gross, chief executive (CEO) of Ultraspeed.

Six Degrees only came to the attention of the tech industry last year when founder and serial entrepeneur Alastair Mills announced the firm had won £60 million in funding from Penta Capital.

Earlier this month it got another £25 million backing but it has now spent more than £40 million on acqusitions, with Ultraspeed becoming number six.

"Our 2012 strategy is very clearly focused on expanding our managed hosting and cloud capabilities and this acquisition marks a significant move in that direction,” said Mills, who also holds the role of CEO at Six Degrees

"Ultraspeed brings advanced technologies to the group and a talented team of people with superb hosting know-how.”

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