Alternative Networks buys ControlCircle for cloud services mojo

AIM-listed firm makes second acquisition in a fortnight

UK cloud services firm ControlCircle has been bought by AIM-listed telecoms provider Alternative Networks for £39.4 million ($64 million) in cash, the firms have announced.

Apart from being modestly profitable and growing, ControlCircle's attraction is its nicely-balanced suite of cloud services, including business continuity, disaster recovery, virtualisation and IT management, and a network of data centres across Europe.

In short, Alternative needs the managed hosting which is where the profits now lie for telecoms firms that want to be more than WAN pipe pushers.

ControlCircle was founded as long ago as 2001 while, incredibly, Alternative Networks dates back as far as 1994. By Silicon Valley standards the pair would be antediluvian but in the UK they represent success stories.

"Both companies share a focus on premium service and technical excellence to the enterprise market with highly complementary customer sets and higher penetration in similar industry verticals," said Alternative Networks CEO, Edward Spurrier.

"We intend to invest in the growth of ControlCircle and are confident that combining its services with those of Alternative will provide the Group with new and enhanced offerings to its customers."

Alternative is certainly in a sudden hurry to get larger; barely tend days ago it bought SME hosted desktop firm Intercept for £12.95 million, also in cash. The parts of the cloud puzzle are falling into place.

Join the CSO newsletter!

Error: Please check your email address.

Tags Alternative NetworksConfiguration / maintenancesecurityhardware systemsControlCircleData Centre

Show Comments

Featured Whitepapers

Editor's Recommendations

Solution Centres

Stories by John E Dunn

Latest Videos

  • 150x50

    CSO Webinar: Will your data protection strategy be enough when disaster strikes?

    Speakers: - Paul O’Connor, Engagement leader - Performance Audit Group, Victorian Auditor-General’s Office (VAGO) - Nigel Phair, Managing Director, Centre for Internet Safety - Joshua Stenhouse, Technical Evangelist, Zerto - Anthony Caruana, CSO MC & Moderator

    Play Video

  • 150x50

    CSO Webinar: The Human Factor - Your people are your biggest security weakness

    ​Speakers: David Lacey, Researcher and former CISO Royal Mail David Turner - Global Risk Management Expert Mark Guntrip - Group Manager, Email Protection, Proofpoint

    Play Video

  • 150x50

    CSO Webinar: Current ransomware defences are failing – but machine learning can drive a more proactive solution

    Speakers • Ty Miller, Director, Threat Intelligence • Mark Gregory, Leader, Network Engineering Research Group, RMIT • Jeff Lanza, Retired FBI Agent (USA) • Andy Solterbeck, VP Asia Pacific, Cylance • David Braue, CSO MC/Moderator What to expect: ​Hear from industry experts on the local and global ransomware threat landscape. Explore a new approach to dealing with ransomware using machine-learning techniques and by thinking about the problem in a fundamentally different way. Apply techniques for gathering insight into ransomware behaviour and find out what elements must go into a truly effective ransomware defence. Get a first-hand look at how ransomware actually works in practice, and how machine-learning techniques can pick up on its activities long before your employees do.

    Play Video

  • 150x50

    CSO Webinar: Get real about metadata to avoid a false sense of security

    Speakers: • Anthony Caruana – CSO MC and moderator • Ian Farquhar, Worldwide Virtual Security Team Lead, Gigamon • John Lindsay, Former CTO, iiNet • Skeeve Stevens, Futurist, Future Sumo • David Vaile - Vice chair of APF, Co-Convenor of the Cyberspace Law And Policy Community, UNSW Law Faculty This webinar covers: - A 101 on metadata - what it is and how to use it - Insight into a typical attack, what happens and what we would find when looking into the metadata - How to collect metadata, use this to detect attacks and get greater insight into how you can use this to protect your organisation - Learn how much raw data and metadata to retain and how long for - Get a reality check on how you're using your metadata and if this is enough to secure your organisation

    Play Video

  • 150x50

    CSO Webinar: How banking trojans work and how you can stop them

    CSO Webinar: How banking trojans work and how you can stop them Featuring: • John Baird, Director of Global Technology Production, Deutsche Bank • Samantha Macleod, GM Cyber Security, ME Bank • Sherrod DeGrippo, Director of Emerging Threats, Proofpoint (USA)

    Play Video

More videos

Blog Posts

Market Place