Castle Street has announced the acquisition of network services and data hosting business C4L, for £20.2m. The acquisition is being funded from existing cash resources and provides the next building block for the group’s strategy to build a sophisticated service provider with the ability to deliver a full services offering, from owned data centre and network assets. C4L’s recently upgraded CoreTX network and 3MW data centre generate over 90% recurring revenue and provide significant cross-sellin ....
