Pan-European network operator added some more cloud services to its portfolio today with the purchase of Quantix. Based in Nottingham, Quantix offers cloud-based database management for Oracle and SQL, as well as other services via their Nimbus-Q cloud platform. Interoute will add them to their enterprise-focused ICT portfolio, and expand the customer focus beyond Quantix's current UK base.
Much of Interoute's effort this year has been going into its managed services and cloud offerings, as it seeks to better leverage its fiber networks. They have no legacy voice or other managed service revenues, and hence they see the cloud revolution as a golden opportunity to expand further into the enterprise base. Their purchase of Visual Conference Group back in March was another example of this effort. I'm quite sure that Interoute remains on the hunt for similar M&A possibilities as well.
Deepening their service offerings is the obvious route for Interoute to take, now that it has extended the network itself to most corners of the continent. Revenues have been growing steadily despite the economic uncertainty of the past few years, but the company is only starting to achieve the scale necessary to bring out the value in those assets.