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KNS bought by US ASP in £27m deal
FutureLink looking to set up ASP division on Europe
US Application Service Provider (ASP) FutureLink yesterday bought KNS Distribution for £27 million. Newbury-based distributor KNS will be re named FutureLink Europe. FutureLink paid £7.25 million in cash and deferred cash, and £19.75 million in FutureLink stock. The US ASP will add KNS to its recent acquisitions – these include Citrix resellers in the US such as Micro Cisions, CNI and Async Technologies. The company said its target market for the ASP offering would be SMEs with between 10 and 500 staff. The services will be sold only through KNS and its 360 resellers. And the company said it would be looking for extra staff to set up a new ASP division. ®