Welcome!

SAP HANA Cloud Authors: Dan Sarel, John Basso, Tim Hinds, John Esposito, Jason Bloomberg

Blog Feed Post

Claranet acquires Star in a deal valued at £55 million

This acquisition creates Europe's largest mid-tier provider of integrated hosting and network services

Claranet, one of Europe's leading managed service providers, has acquired Star, a UK provider of managed technology services. The acquisition creates the largest mid-market provider of integrated hosting and network services in the UK and continental Europe.

Claranet is acquiring STH Limited and its subsidiary, Star Technology Services Limited, in a deal valued at £55 million. The trading entities will be maintained and will become wholly owned by Claranet Limited.

Charles Nasser, CEO and Founder of the Claranet Group, stated: "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."

Operating under the Claranet brand, the expanded company will have revenues of over £120 million, circa 700 staff, over 4,500 customers, and operations in the UK, France, Germany, the Netherlands, Spain and Portugal. Claranet's customers will include Airbus, Amnesty International, Care UK, Channel 5, Veolia, Signet, CSH, IRIS, De Vere Hotels and Richmond Events.

The new business will have a service portfolio ranging from the data centre to the desktop. In addition to managed hosting and network services which both companies provide to many customers, Star customers will be able to take advantage of Claranet's pan-European, award-winning Infrastructure-as-a-Service (IaaS) offering, Virtual Data Centre, as well as advanced managed application hosting services. Meanwhile, Star's strength in Unified Communications, remote desktop and advanced security services will complement Claranet's existing portfolio.

In addition, Star's customers will be able to take advantage of Claranet's European operations and benefit from the knowledge that the enlarged company is on a strong financial footing, with far greater purchasing power in the market.

Michel Robert, MD of Claranet UK, added: "Star is a leader in providing managed services in the UK and therefore a natural fit for Claranet. Star has developed a strong base of customers, has a well-defined service portfolio as well as a talented and dedicated team,"

"It is this very success that makes Star such a logical fit for Claranet and, as part of our continued investment in evolving our services, is one that will directly benefit our customers," he added.

Ben White, co-founder of Star and a partner at the Cloud-focused venture investor Notion Capital, 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."

The Royal Bank of Scotland (RBS), Ares Capital Europe and a minority investment by Abry Partners financed the acquisition.

Advisors on the transaction are Oakley Capital, acting for Claranet, and Ernst & Young, acting for Star.

- ENDS -

NOTES TO EDITORS

About Claranet
Founded in 1996, Claranet has evolved from being a pioneering ISP (Internet Service Provider) into an MSP (Managed Services Provider) with annual revenues of £70 million. Claranet has more than 500 employees, an international footprint in six countries and although Claranet has grown internationally, the focus has always been on local service, out of local offices, using local data centres.

As a result of this transaction, Claranet will have revenues of £120 million, circa 700 staff, and over 4,500 customers.

Claranet brings together the best people, process and technology to provide flexible, secure and cost-effective managed services that guarantee network and application performance. We allow customers to focus on their core business, not IT management.
www.claranet.co.uk

About Star
Star is a managed services company, providing cloud-computing services specially tailored to the needs of medium-sized businesses. Star's people are positively different, with vision, knowledge and passion that deliver extraordinary results. Since its foundation in 1995, the Star name has been synonymous with innovation. Having pioneered cloud-based Internet security with the formation of MessageLabs, the company has continued to consolidate its status as a leading cloud services expert, making technology a strategic consideration for business leaders.

Star collaborates with leading industry vendors and fosters long-term relationships with customers, which results in transformational options that drive customer value and growth. Star's mission is to help medium sized businesses in the UK realise their ambitions by redefining how they view their technology needs and prepare for a successful future. With 250 employees based from regional offices, Star's people are directly in touch with the customers they serve and continually look to improve the quality of the customer experience.
www.star.co.uk

About Abry
Founded in 1989, ABRY is one of the most experienced media, communications, and information & business services sector-focused private equity investment firms. ABRY has completed over $36 billion of transactions and is based in Boston, MA. The firm is currently managing over $3.5 billion of total capital and investing out of a $1.6 billion private equity fund, $750 million senior equity fund and a $1.2 billion senior debt fund. ABRY has extensive data center and managed services investing experience through several current and past investments.
www.abry.com

About Ares
Established in 2007, Ares Capital Europe is a leading European direct lending institution that has completed c.45 transactions and invested c. €1.4 billion since inception. With offices in London, Paris, Frankfurt and Stockholm, Ares Capital Europe provides "one-stop" financing solutions with the ability to invest in senior debt, unitranche and mezzanine debt.
www.arescapitaleurope.com

About Oakley Capital
Oakley Capital Corporate Finance ("Oakley") is a mid-market corporate finance business which provides advice to quoted and private companies. Oakley is particularly active in the telecoms and hosting M&A market, where Oakley has close contacts with many of the key service providers. Oakley also offers Corporate Broking advice to UK listed businesses on a retained basis. Oakley has advised on over 40 transactions since late 2007.
www.oakleycapital.com

FOR PRESS ENQUIRIES, please contact:
Richard Merrin
Spreckley Partners Ltd.
T: +44 (0)20 7388 9988
E: [email protected]

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

@ThingsExpo Stories
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
The paradigm has shifted. A Gartner survey shows that 43% of organizations are using or plan to implement the Internet of Things in 2016. However, not just a handful of companies are still using the old-style ad-hoc trial-and-error ways, unaware of the critical barriers, paint points, traps, and hidden roadblocks. How can you become a winner? In his session at @ThingsExpo, Tony Shan will present a methodical approach to guide the holistic adoption and enablement of IoT implementations. This ov...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...