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Redbus Interhouse and Telecity to Merge and Create Europe's Largest Datacentre Operator
The boards of directors of TeleCity and Redbus Interhouse today announce a recommended cash offer to be made by Torch Partners on behalf of TeleCity Group (the holding company, previously known as Inhoco) to merge with Redbus Interhouse - Europe's most advanced, independent colocation and managed service provider.
The senior management team to lead the newly merged businesses will comprise, Mike Tobin, CEO (Redbus Interhouse), Carl Fry, Finance Director (Redbus Interhouse), Trevor Wadcock, Operations Director (Telecity) and Matthew Gingell, Marketing Director (Telecity). Rick Hudson CEO, Telecity and Josh Joshi, Finance Director, Telecity will step down.
Commenting on behalf of the directors of Redbus Interhouse, Mike Tobin, CEO of Redbus Interhouse, says, "This is excellent news for shareholders, employees and customers of Redbus Interhouse. This has been an outstanding year of performance for Redbus Interhouse and we have continued to demonstrate our commitment to offer real and beneficial business solutions to the companies that colocate within all our datacentres. The merger is a fantastic endorsement of our organisation which has rapidly become the benchmark for the colocation market across Europe."
This is a landmark deal in the development of the European
carrier-neutral data centre industry. The newly merged TeleCity Group will be a clear leader in the marketplace and the combined organisations will provide the best of both Redbus Interhouse and TeleCity strengths and capabilities for its customers. 03.11.2005, Redbus Interhouse
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