Easynet Completes Sale

LONDON -- Global provider of managed solutions and business connectivity services Easynet, has announced its sale from BSkyB (Sky) to Lloyds Development Capital (LDC), the private equity arm of Lloyds Banking Group for £100 million.

Further exploiting its dexterity as an independent global provider, Easynet will continue with its strategy to deliver high quality, complex international managed networks and managed hosting services to businesses around the world. Chief Executive Officer, David Rowe, who founded Easynet in 1994, will remain in the role with the full backing of LDC.

The acquisition heralds a new chapter in Easynet’s history. From its founding in 1994, Easynet has been a leader in highly sophisticated managed networks and hosting, and since it joined the BSkyB family in 2006 it has grown by over 40 per cent.

David Rowe, CEO, said: “Our strategy has always been to take a pragmatic approach to the market: we follow our customers, understand their needs, and provide solutions that add value. Our tight focus on our customers will continue under our new ownership. LDC’s strategy is closely aligned to our business plan and this will allow us to take a longer-term view of the investments we make to give our customers competitive edge.”

Easynet Ltd.