Adapt provides co-location, network services and fully outsourced managed hosting to about 850 customers. The business was bought by chief executive Peter Knight from its parent company in 2006, with £7.5m in backing from a private equity consortium including Alcuin Capital. It has since made two significant acquisitions. It doubled its revenue when it acquired the corporate network provider Centric Telecom in 2007, and later the same year bought Centrecore, the managed services division of News International, the newspaper group that owns The Sunday Times. Sales at the London company grew 58% a year from £7.9m in 2006 to £31m in 2009.
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