IXEurope Secures Initial €5 Million Banking Facility With Bank of Scotland

IXEurope, Europes fastest growing specialist datacentre services group with eight locations in the UK, France, Germany and Switzerland, has chosen the Bank of Scotland Corporate as the Groups banking partner.

(PRWEB) April 27, 2005 -- IXEurope, Europes fastest growing specialist datacentre services group with eight locations in the UK, France, Germany and Switzerland, has chosen the Bank of Scotland Corporate as the Groups banking partner. Bank of Scotland will provide the Group with a structured debt package with an initial facility of €5 million tailored to assist IXEurope in its growth and expansion projects.

Guy Willner, Chief Executive Officer, IXEurope said, Partnering with Bank of Scotland will enable us to enhance and extend our services and consolidate the Groups position as the leading provider of superior quality datacentre services in the UK and across Europe to the enterprise, eBusiness and networking markets. We are currently reviewing a number of acquisition opportunities which enable us to enhance our offering in Datacentre Services, Business Continuity and Blade-Server Hosting.

Simon Webber, Director of Corporate Banking, Bank of Scotland commented, "We are pleased to be partnering with IXEurope at this exciting stage in the Groups development. The management team has impressed us with its achievements in building the sound foundations of the company since its creation in 1999. We are keen to accompany them on the next step of their growth."

IXEurope has managed an industry leading 30%+ annual growth since 1999. Furthermore, the company has developed a reputation for superior quality services, winning ISO9001 accreditation, industry awards and blue-chip customers across Europe. Going forward, the Group will invest in new datacentres and key services as customer demand remains strong.

Enquiries:

Guy Willner, CEO

IXEurope

020 7689 1400

guy.wilner@ixeurope.com

Kerry Jago, Marketing Manager

IXEurope

020 7689 1400

kerry.jago@ixeurope.com

About IXEurope

IXEurope provides outsourced datacentre services and hosted solutions management in four countries - UK, Germany, France and Switzerland -through its network of datacentres.

As a specialist in datacentre services, IXEurope offers its customers access to flexible outsourced solutions while they maintain overall control of their projects. By continually focusing on quality, IXEurope gives clients cost effective access to expertise and exceptional service levels.

IXEurope delivers its services to systems integrators and IT consultants; hosting and managed service providers; and network service providers. Working in partnership with our solution providers, IXEurope datacentres house IT and networking systems for global enterprises, financial institutions, government agencies and e-commerce and mid-sized companies. IXEurope's backers include Bank of America Equity Partners and European Acquisition Capital. For more information please visit the website at www.ixeurope.com

About Bank of Scotland

Bank of Scotland Corporate, part of HBOS plc, has a reputation for excellence in the provision of corporate finance, delivering innovative funding solutions across a range of markets. With experience across many areas of corporate finance, including specialist teams covering Structured Finance, Acquisition Finance, Integrated Finance, Joint Ventures, Real Estate, Infrastructure Finance and Housing Finance, Bank of Scotland draws on an expert pool of professionals with proven track records. Bank of Scotland provides funding to more Management Buy-Outs than any other bank in both the UK and Europe and is now recognised as the top arranger for PFI/PPP deals. Total lending at the end of 2004 stood at 78.8 billion.

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