Home
 » ISP News » 
Sponsored

UK Business ISP Claranet Gobbles Managed Provider Star for GBP55m

Friday, November 23rd, 2012 (2:03 pm) - Score 912

Business internet and telecoms provider Claranet UK has acquired STH Limited and its managed technology services subsidiary, Star (Star Technology Services), for the sizeable sum of £55 million.

The expanded company, which will continue to use the Claranet brand, is expected to have revenues of over £120 million, circa 700 staff, more than 4,500 customers and operations in the UK, France, Germany, the Netherlands, Spain and Portugal.

Charles Nasser, CEO and Founder of the Claranet Group, said:

From a market and customer perspective, this is a great opportunity to bring together the experience and resources of two great companies to deliver a broader service portfolio to benefit our customers. It’s our mission to help our customers make the most of internet-enabled technology, and the acquisition of Star will enable us to continue to deliver on this promise.

This announcement confirms our ambition to become the clear European leader in the delivery of managed services,” he added. “This is nothing short of a British entrepreneurial success story, as both companies were founded here in the UK.”

It’s understood that the Royal Bank of Scotland (RBS), Ares Capital Europe and a minority investment by Abry Partners financed the acquisition. Claranet also has a moderate population of home broadband customers through its SOHO division.

Claranet’s bigger customers now include Airbus, Amnesty International, Care UK, Channel 5, Veolia, Signet, CSH, IRIS, De Vere Hotels and Richmond Events.

Leave a Comment
0 Responses

Comments RSS Feed

Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheapest Superfast ISPs
  • Onestream £19.99 (*27.99)
    Avg. Speed 45Mbps, Unlimited
    Gift: None
  • TalkTalk £21.00 (*29.95)
    Avg. Speed 38Mbps, Unlimited
    Gift: None
  • Plusnet £21.99 (*36.52)
    Avg. Speed 36Mbps, Unlimited
    Gift: £50 Reward Card
  • NOW TV £22.00 (*40.00)
    Avg. Speed 36Mbps, Unlimited
    Gift: None
  • Vodafone £22.00
    Avg. Speed 35Mbps, Unlimited
    Gift: None
Prices inc. Line Rental | View All
The Top 20 Category Tags
  1. FTTP (2901)
  2. BT (2824)
  3. FTTC (1812)
  4. Building Digital UK (1771)
  5. Politics (1710)
  6. Openreach (1665)
  7. Business (1490)
  8. FTTH (1343)
  9. Mobile Broadband (1280)
  10. Statistics (1272)
  11. 4G (1104)
  12. Fibre Optic (1085)
  13. Wireless Internet (1047)
  14. Ofcom Regulation (1042)
  15. Virgin Media (1034)
  16. EE (729)
  17. Vodafone (708)
  18. TalkTalk (690)
  19. Sky Broadband (685)
  20. 5G (569)
Promotion
Helpful ISP Guides and Tips
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
»
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact