Company news
07/09/2006
TelecityRedbus closes $62 million Globix UK acquisition
Merger of TelecityRedbus and Globix creates Europe’s most advanced data centre & managed services company
London: September 7, 2006 – 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 UK”).
The merged businesses have created one of Europe’s most advanced data centre networks, providing businesses with approximately 500,000ft2 of high-tech hosting infrastructure in 18 fully fitted data centers, 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 Paris, Frankfurt and Madrid. In addition, Globix brings one of the industry’s most complete portfolios of managed services including managed hosting solutions, disaster recovery, network security and application management.
“The acquisition of Globix UK puts TelecityRedbus in an unrivaled position. We are now able to provide new and existing customers with the most advanced data centre services in Europe,” said Mike Tobin, CEO of TelecityRedbus. “Globix has a significant presence in the market, and we have combined the strengths of Globix’ infrastructure and employees with our own business to ensure that our customers are able to take full advantage of the burgeoning Internet market. We will continue to look at other complimentary acquisitions in the future,” continued Mike.
The acquisition will:
• Expand TelecityRedbus’ operational footprint to approximately 500,000ft2 in 18 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 UK. “TelecityRedbus and Globix have extremely complementary businesses and the motivation for this deal was simply to create the leading provider of data centre services in Europe. Combining both these forces will bring huge benefits and opportunities to businesses looking to benefit from the Internet.”
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 UK will be responsible for the integration of the two businesses. The Globix management team will remain with the company and take on senior positions.
ENDS
Notes to Editors
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.
For further press information please contact:
Caroline Howlett or Dan Warren
Nelson Bostock Communications (for Globix)
+44 (0)20 7229 4400
caroline.howlett / dan warren@nelsonbostock.com
