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The transaction places an enterprise value of £402 million on Easynet. The acquisition will enable enterprise, government and service provider customers of the merged group to access a full suite of the combined companies products and services.

Interoute was recently recognised as a Leader in Gartner's 2015 Magic Quadrant for Cloud-Enabled Managed Hosting, Europe report. Interoute provides a range of Unified Connectivity, Computing and Communications products and services to multinational and national enterprises, such as UEFA, the European Space Agency, SCA and Saxo Bank, global telecommunications operators and internet content providers. Easynet has an impressive client base spanning global enterprises and public sector entities, as well as national clients.

Gareth Williams, Interoute's CEO commented, "These are exciting times for Interoute and our customers as we create a leading, independent European ICT provider. It's the next step in our acquisition strategy and moves us much closer to our goal of being the provider of choice to Europe's digital economy." Mark Thompson, CEO of Easynet, commented, "I believe this acquisition will bring great benefits to both Interoute's and Easynet's customers. The combined companies can offer broader and deeper connectivity options, as well as an expanded portfolio of products and services, and the acquisition will further expand an already market-leading cloud hosting capability in Europe."
www.interoute.com