British-based managed services provider Claranet has acquired the French hosting company Typhon, for a total consideration of £3.4m.
The acquisition of Typhon follows acquisitions earlier this year of Star Technology Services (in November) in a deal valued at £55m; and Portuguese hosting service provider CGEST (in July).
Charles Nasser, CEO and Founder of the Claranet Group, said: "This announcement confirms our ambition to become the clear leader for managed services across Europe, while the acquisition of Typhon also positions Claranet as the leading provider for web hosting and applications in France."
"Claranet's mission is to provide services that help its customers make the most of internet-enabled technology, and to achieve the benefits this can deliver for their business. The three acquisitions this year move Claranet a major step forward in terms of our growth and capabilities, which would otherwise have taken us many years to achieve organically," he added.
Founded in 2005 and based in Paris, Typhon is a specialist in web and open source hosting services. The acquisition broadens still further Claranet's existing service portfolio, and sees the Claranet Group grow to over 700 employees, with over 4,700 customers and operations in six European markets. The new combined Group will have annual revenues of over £124m.
The acquisitions have been funded through debt and supported by Claranet's partnerships with The Royal Bank of Scotland (RBS), Ares Capital Europe and Abry Partners.
Founded in 1996, Claranet has evolved from being an ISP (Internet Service Provider) into an MSP (Managed Services Provider).