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TelecityRedbus closes $62 million Globix UK acquisition
Merger of TelecityRedbus and Globix creates Europe’s most advanced data centre & managed services company
London – TelecityRedbus today announced that it has completed its $62 million (approximately £33 million) acquisition of Globix Corporation’s wholly-owned UK subsidiary, Globix Holdings (UK) Limited (“Globix
The merged businesses have created one of Europe’s most advanced data centre networks, providing businesses with over 550,000ft2 of high-tech hosting infrastructure in 19 fully fitted data centres, across seven European countries.
The acquisition also includes Globix’ industry-leading Internet network infrastructure, providing direct high-speed links to the major European business hubs of
“The acquisition of Globix
The acquisition will:
· Expand TelecityRedbus’ operational footprint to 550,000ft2 in 19 fully-fitted data centres, across seven European countries
· Deliver a comprehensive portfolio of managed data centre services to over 2,000 customers from FTSE 100 companies through to SMEs and the public sector
· Broaden and deepen market and product knowledge to enable the rapid delivery of new products and service solutions
“Both companies had reached a similar level of maturity, and market conditions for an acquisition were favorable,” said Philip Cheek, Managing Director, Globix
The integration of the two businesses will commence immediately and will be completed towards the end of the year.
Mike Tobin will continue as the CEO and Philip Cheek, Managing Director of Globix
TelecityRedbus now has over 300 employees and is continuing to grow its operations. It projects a combined turnover of at least £76million for 2006.
Combined customer list
TelecityRedbus will add Globix’ 400 customers including Lloyds TSB, The Telegraph, Carphone Warehouse, 888.com and Ebookers, to its client base, which already includes major UK brands including the BBC, Guardian Unlimited, Sony Computer Entertainment and FriendsReunited, creating a combined customer base of over 2,000.
About TelecityRedbus
TelecityRedbus is a leading data centre and managed services company, operating one of the largest networks of carrier-diverse data centre facilities in
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