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2006-09-22
Globix Holdings, Acquired by TelecityRedbus, in $62M Transaction
London, United Kingdom - September 22, 2006 - Managed hosting provider and network services company, Globix Corporation's wholly-owned UK subsidiary, Globix Holdings (UK) Limited (''Globix UK''), has been acquired by TelecityRedbus, in a $62 million transaction.
The integration of the two businesses will commence immediately and will be completed towards the end of the year. It is believed that the merged businesses, have created one of Europe's most advanced data centre networks, providing businesses with over 550,000ft2 of high-tech hosting infrastructure in 19 fully fitted data centres, across seven European countries. The acquisition also includes Globix' Internet network infrastructure, providing direct high-speed links to the major European business hubs of Paris, Frankfurt and Madrid. In addition, Globix brings one of the industry’s most complete portfolios of managed services including managed hosting solutions, disaster recovery, network security and application management.
Mike Tobin, CEO of TelecityRedbus noted, ''The acquisition of Globix UK puts TelecityRedbus in an unrivaled position. We are now able to provide new and existing customers with the most advanced data centre services in Europe. Globix has a significant presence in the market, and we have combined the strengths of Globix’ infrastructure and employees with our own business to ensure that our customers are able to take full advantage of the burgeoning Internet market. We will continue to look at other complementary acquisitions in the future.''
It is anticipated that the acquisition will:
• Expand TelecityRedbus’ operational footprint to 550,000ft2 in 19 fully-fitted data centres, across seven European countries
• Deliver a comprehensive portfolio of managed data centre services to over 2,000 customers from FTSE 100 companies through to SMEs and the public sector
• Broaden and deepen market and product knowledge to enable the rapid delivery of new products and service solutions
Philip Cheek, Managing Director of Globix UK added, ''Both companies had reached a similar level of maturity, and market conditions for an acquisition were favorable. TelecityRedbus and Globix have extremely complementary businesses and the motivation for this deal was simply to create the leading provider of data centre services in Europe. Combining both these forces will bring huge benefits and opportunities to businesses looking to benefit from the Internet.''
Mike Tobin will continue as the CEO and Philip Cheek, Managing Director of Globix UK will be responsible for the integration of the two businesses. The Globix management team will remain with the company and take on senior positions.
TelecityRedbus now has over 300 employees and is continuing to grow its operations. It projects a combined turnover of at least £76million for 2006. TelecityRedbus will add Globix’ 400 customers including Lloyds TSB, The Telegraph, Carphone Warehouse, 888.com and Ebookers, to its client base, which already includes major UK brands including the BBC, Guardian Unlimited, Sony Computer Entertainment and FriendsReunited, creating a combined customer base of over 2,000.
TelecityRedbus is a data centre and managed services company, operating one of the largest networks of carrier-diverse data centre facilities in Europe. TelecityRedbus offers content rich digital businesses, corporate enterprises, communications service providers and the public sector flexible, scalable data centre and IT infrastructure hosting solutions enabling them to meet the growing demands of the 24x7 economy. In September 2006, TelecityRedbus acquired the European business and assets of Globix Corporation, a provider of Internet infrastructure and managed services. TelecityRedbus now has over 300 employees supporting 19 fully fitted data centres across seven European countries, enhancing its position as one of the largest and most advanced data centre infrastructure and managed service providers in Europe.
Globix UK is a managed hosting and security services provider, offering a one-stop outsourcing shop for businesses looking to reduce the cost, complexity and risk associated with managing complex web infrastructures. It is currently the only data centre in the U.K. to have Payment Card Industry Data Security Standard (PCI DSS) accreditation. Its portfolio of products and services includes: infrastructure (colocation, business continuity, networks); managed hosting and security (server admin., IDS, DDoS); application management (databases, custom code, web servers) and media services (streaming); supported around the clock by a team of highly experienced consultants and engineers.
The Globix Managed Hosting basic configuration includes a server, firewall, operating system configuration and installation, server hardening, patch services and backup and monitoring services. HP is the server technology backbone of the Globix Managed Hosting Service. Globix Corporation provides Internet infrastructure and network services, featuring a comprehensive suite from network bandwidth, to the management of web applications, servers, and databases, to security, media streaming, and colocation. Globix and its subsidiaries have operations in New York, NY, Westborough, MA, London, UK, Santa Clara, CA, and Fairfield, NJ.
To learn more about TelecityRedbus, please visit: www.telecityredbus.com.
For more information Globix Corporation, please visit: www.globix.com.
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