Six Degrees Group Announces New Funding and Cloud Hosting Acquisition

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Six Degrees Group today announces it has raised £8 million in new funding from Penta Capital and that it has completed the acquisition of Cloud Computing Centre (CCC), a Surrey-based managed cloud hosting expert established in 1999.

CCC focuses on the cloud market and brings over 100 mid-market hosting customers who spend an average of £36,000 pa. The acquisition takes Six Degrees Group’s run-rate position to £50m revenue and £12m EBITDA. CCC’s cloud platform is highly complementary to the existing Six Degrees technology and they are also a Microsoft Gold Partner and Silver Hosting Partner, bringing incremental skillsets for Microsoft Hyper-V to the Group.

Commenting on the acquisition, Alastair Mills, CEO of Six Degrees Group, stated “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, stated “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.”