The cloud hosting space is an incredibly fast moving industry in terms of technology change and growing service demand, but also in terms of the number of M&A deals taking place in the sector.
London, United Kingdom (PRWEB UK) 24 October 2016
“The cloud hosting space is an incredibly fast moving industry in terms of technology change and growing service demand, but also in terms of the number of M&A deals taking place in the sector,” commented Olivier Wolf, Partner and TMT TAS Leader, EY UK and Ireland. EY is a global leader in assurance, tax, transaction and advisory services.
“As well as the secular trends towards digitalisation and data, the rise of the hyperscalers - like AWS - are disrupting the entire IT Services value chain, particularly around the service layer where players are having to react and adapt their business models quickly.”
EY will give a keynote presentation at TMT Finance World Congress 2016 on some of the critical issues affecting leaders in the cloud hosting space, and will host the Enterprise Cloud Leaders’ Panel.
“Deal activity is very strong and there appears to be consolidation of the managed hosting space in particular. Activity is driven by companies wanting to widen product offerings, buy customers to cross-sell into, as well as needing capital in a typically capex-intensive industry.”
This is at a national market level, such as with Pulsant’s acquisition of Onyx Group in the UK but also international with US-based Datapipe’s acquisition of [UK’s] Adapt, and Ensono’s takeover of Attenda.
Several larger deals are also predicted across Europe including the ongoing sale of Host Europe Group, which has assets valued at around US$1.2bn across the continent, and Apollo Global Management’s US$4.3bn take-over of Rackspace.
Enterprise cloud hosting has been identified as one of the key topics of TMT Finance World Congress 2016, the annual global leadership event for Telecoms, Media, Tech executives, investment bankers and advisers., taking place in London on November 30. Over 100 key speakers have been announced for the event including leading telcos Liberty Global, Iliad, Axiata, Telia, VimpelCom, KPN, Six Degrees Group, Altice Group, KPN, Vodafone, Etisalat, Telstra, PTCL Group, Channel 4, MTG, RTL, EE, Numericable SFR, IHS Towers, Cellnex, INWIT, Digital Bridge, O3B Networks, CityFibre, Next Generation Data, ABRY Partners, Accenture, EY, Goldman Sachs, Citi, IFC World Bank, European Investment Bank, Societe Generale, UBS and Nomura.
TMT Finance World Congress is focused on global strategies for investment, financing and mergers and acquisitions, as consolidation and convergence transforms the sector globally. The event also includes TMT Finance World Awards Dinner featuring M&A Adviser and telecom, media and tech deals of the year.
For more information, go to http://www.tmtfinance.com/world