The acquisition continues the company's business expansion strategy.
Lumison, a web hosting provider, yesterday announced the acquisition of DediPower Managed Hosting, a managed hosting provider. The acquisition brings the company's combined turnover to GBP 27.5 million, and continues its business expansion strategy, which has seen its revenues grow from GBP 6.4 million to GBP 27.5 million over the last three years. The acquisition will see the company employ 130 staff across the UK and provide managed IT services to several thousand British businesses.
The company articulates that it offers colocation, managed hosting and cloud services to UK 'mid market' companies hosting their online operations, business applications and development environments. DediPower brings experience in colocation and managed hosting services with 70% of their revenue coming from managed services. This complements the company's existing capabilities and the combined business will provide customers with enhanced managed IT services (dedicated and shared), managed network and colocation services across eight UK data centers.
Lumison Group CEO Mark Howling said, "The addition of DediPower to the business is a strong strategic and cultural fit and will consolidate our position as a leading player in the IT Managed Services sector. The Group will remain focused on providing practical, cost-effective solutions to customer business IT issues. Customers increasingly demand reliable IT infrastructure-as-a-service as the need for a scalable and flexible way of working grows; with DediPower's expertise, Lumison is even better placed to deliver this."
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