HMT were delighted to advise Six Degrees, the managed data services provider, on its acquisition of Ultraspeed Limited (“Ultraspeed”). The deal was funded by Penta Capital and Clydesdale Bank.
Six Degrees is a new technology group led by Alastair Mills with the objective of creating a new data centric reseller of converged business communications through a buy and build strategy. The acquisition of Ultraspeed is Six Degrees’ sixth since it was formed in 2011.
Ultraspeed is a managed hosting business based in London, which is run by Jordan Gross. Ultraspeed uses advanced technology which is highly complementary to Six Degrees’ existing cloud offering, and its customers include FTSE 250 companies, charities and digital media customers.