Containers Expo Blog Authors: Yeshim Deniz, Pat Romanski, Liz McMillan, Flint Brenton, Elizabeth White

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 -


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.

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.

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.

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.

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.

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
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...