Netbenefit
Web-hosting specialist PEER1 Hosting, has signed an agreement to acquire all of the outstanding shares in the capital of NetBenefit (UK) Limited, for £25m in cash, writes Linda Endersby. NetBenefit, a division of London-based Group NBT Limited, reported revenues of £7m in 2011 and has operations in UK and France serving approximately 700 customers. The acquisition strengthens PEER 1 Hosting's position in the SME managed hosting market in the UK and creates opportunities for growth in Europe.
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