Internet service provider turned managed services specialist Claranet has forked out £55m to acquire managed technology services outfit Star with the intent of building a £120m MSP business in Europe, which it claims will be the largest midmarket provider in the region.
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The new firm, which will trade as Claranet, will boast over 700 staff serving 4,500 customers – with big names including Airbus, Veolia and De Vere Hotels – in the UK, France, Germany, the Netherlands, Portugal and Spain.
Star’s customers will benefit from Claranet’s pan-European IaaS offering, virtual data centre and application hosting services, while Claranet plans to cross-sell more unified comms, remote desktop and security services into its own customer base.
The two firms also talked up their enhanced purchasing power as a positive.
Founder and CEO Charles Nasser said: “This is a great opportunity to bring together the experience and resources of two great companies to deliver a broader service portfolio.”
Star co-founder Ben White added: “The cultural and strategic compatibility of the two businesses is second to none and I am confident that the enlarged group will go on to even greater things, creating significant opportunities for customers, partners and staff.”
Image credit: Siri Stafford