Six Degrees Group completes buy out of Cloud Computing Centre

IT Trends

And secures £8 million in new funding from Penta Capital

Six Degrees has finally finished buying Cloud Computing Centre (CCC) and got a stunning £8 million in new funding from Penta Capital.

The company says that the buy of CCC, which focuses on the cloud market and brings over 100 mid-market hosting customers who spend an average of £36,000 per annum, will help it reinforce its mid market focus.

It added that the purchase also took the Six Degrees Group’s run-rate position to £50m revenue and £12m EBITDA.

Alastair Mills, CEO of Six Degrees Group, said: “I am delighted to welcome Cloud Computing Centre to Six Degrees Group.

“This is a significant acquisition for us as it reinforces our mid-market focus, strengthens our managed cloud hosting team and brings outstanding technical capabilities to the Group.”

In response, Keith Bates, CEO of Cloud Computing Centre, added: “This is an exciting day in the evolution of Cloud Computing Centre. We felt that the time was right to join forces with one of the fastest-growing managed data service providers in the sector, especially when we have so much in common.

“Joining Six Degrees Group will significantly strengthen our ability to win mid-market and corporate cloud hosting contracts and to deliver new services to our existing clients.”

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