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November 23, 2012 07:25 pm GMT
Some consolidation afoot in the world of enterprise cloud services in Europe: Claranet, a managed service provider, is paying $88 million (55 million) to acquire Star, a provider of cloud-based managed technology services. The move is a sign of how, while enterprise cloud services continue to grow in popularity, there is increasing consolidation as companies look for better service margins through scale, and value-added services. Claranet says the deal will make it the largest provider of integrated hosting and network services to the mid market in the UK and continental Europe, with some 4,500 customers on its books.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/g5SAlDVRbwE/
Cloud Hosting Consolidation In Europe: Star Sold To Claranet For $88M
Some consolidation afoot in the world of enterprise cloud services in Europe: Claranet, a managed service provider, is paying $88 million (55 million) to acquire Star, a provider of cloud-based managed technology services. The move is a sign of how, while enterprise cloud services continue to grow in popularity, there is increasing consolidation as companies look for better service margins through scale, and value-added services. Claranet says the deal will make it the largest provider of integrated hosting and network services to the mid market in the UK and continental Europe, with some 4,500 customers on its books.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/g5SAlDVRbwE/
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