Clarnet, a British managed service provider announced on Friday that it has acquired star technology for $71 Million.  Star Technology is also a managed service provider in the UK. The company aims to be the largest mid-market provider of integrated hosting and network service accross Europe. According to the update, Clarnet will pay $71 million for STH limited and its subsidiary Star Technology and will maintain its trading entities. The requisition will operate under Clarnet brand and will have revenues of about $155 million and will employ approximately 700 staff. It will have its operations in UK, Germany, France, the Netherlands, Spain, and Portugal.

 

Read the rest of the article here: http://www.webhostingratings.ca/claranet-acquires-star-technology-services-in-71-million-takeover/

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