RealTime IT News

PGExpress Buys UK's Onyx Internet

PGExpress, a wholly owned subsidiary of telecoms carrier Pacific Gateway Exchange, has announced its acquisition of UK Internet service provider Onyx Internet.

Based on Teesside, Onyx Internet supplies Internet connectivity and related services to around three thousand small to medium sized businesses and residential customers in England and Scotland. Its turnover is currently in excess of £1 million ($1.6 million) per year.

"The acquisition of Onyx Internet Ltd. is an instrumental step in the development of a European focused IP services group within the PGExpress organisation," said Chris A. Icide, CTO of PGExpress.

"With Onyx's strong local brand and its membership in the London Internet Exchange (LINX) with over fifty Internet peering relationships, this acquisition enables PGExpress to roll out European IP services with a core team of highly trained European Internet professionals," he added.

As a result of the deal, Onyx Internet will trade independently from its e-commerce sister company Tradezone International. However, the ISP will continue to operate under its existing name.

"Onyx has the systems and team in place to provide Pacific Gateway with a perfect platform into the rest of Europe," said Onyx general manager Alastair Waite.

"This is just phase one of the expansion plan and should boost our current workforce from 30 to around 50. After this, phase two will include a network operations centre based here in Middlesbrough which should generate 60 jobs."

Alastair Waite went on to say that the company also has plans for a customer service centre to cover the whole of Europe, creating a further 300 jobs on Teesside.