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Cloud services outfit Six Degrees bags £60m injection

Alex Scroxton

Newly-minted managed data services house Six Degrees has bagged a £60m round of funding from private equity firm Penta Capital as it launches itself to the market.

The brainchild of tech entrepreneur Alastair Mills, along with former Mitel man Campbell Williams, the formation of the new firm was first announced in July, eight months after Mills called time on his previous venture, hosted VoIP specialist SpiriTel, which he sold to Daisy in November 2010.

"Cloud-centric convergence is the most exciting growth area in the market so we made that our focus. We're growing as a company and we're doing it in technology areas that will spur growth for [the] UK," said Mills.

Six Degrees, which claims to be on course to do £25m worth of sales this year, has already developed an in-house cloud-based voice business continuity and disaster recovery suite, unveiled a new datacentre to host its private cloud, and beefed up its network and web services capabilities to manage the bring-your-own-device (BYOD) market, an area on which it is particularly focused.

Pointing to research carried out on behalf of the new firm, Mills said that British businesses were in danger of scuppering the nascent trend.

The research suggested that although 80% of office workers believed their own devices were of better quality than those provided by their employers and were keen to utilise them in the workplace, 40% of companies would not countenance allowing employees to use their own devices.

"The employees of British businesses are innovating furiously: they're adopting smartphones, smart devices and public cloud services. But UK plc still thinks it's the 1990s. We're disabling and controlling when we need to be enabling and empowering," said Mills.

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