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Masternaut Three X  acquires FibreCity in multi-million pound deal

Leeds, UK, 19  February 2008 - The UK’s leading web-based telematics and 
mobile solutions  company, Masternaut Three X, has acquired FibreCity, the 
leading-edge ISP based  in Aberford, Leeds, in a deal worth GBP 6 million.  
Established by Brannan  Tempest and Craig Tempest, FibreCity has been a front-runner in 
the Internet  service provision and applications market since the company was 
founded in 1987.  The acquisition of FibreCity enables Masternaut Three X to 
provide more extended  hosted back-office solutions that are fully integrated 
with its telematics and  mobile software.

“This is a significant development for Masternaut  Three X. It allows us to 
provide comprehensive service and solutions packages to  our customers that 
include secure fully-managed hosting in our own  state-of-the-art datacentres,” 
said Martin Port, MD, Masternaut Three  X.

In addition, the deal has enabled Masternaut Three X to expand  its premises 
to over 25,000 sq ft and its team of highly skilled team to  150.

Commenting on FibreCity’s capabilities and skills sets, Martin  Port said: “
FibreCity has an interesting range of Blue Chip customer such as Aga  Rayburn, 
BAE Systems, Fired Earth and NASA. The ISP has also been providing us  with 
first-class secure hosting for Masternaut Three X applications. We have  always 
been impressed by Brannan and Craig’s attitude to business and customer  
service. This acquisition is the right thing for us at a time when we are  
enjoying phenomenal success and growth. We are pleased that we have been able to  
complete this deal with them and we look forward to adding their competencies  
and support to the team.”

Brannan Tempest added: “Masternaut Three  X has an enviable reputation in its 
marketplace, and we saw an opportunity to  sell the business to an 
organisation that can build on what Fibre City has  achieved since its establishment.  
An exit from Fibre City will allow us to  focus on other opportunities and 
interests.”

Masternaut Three X is  one the fastest growing technology companies in the 
UK, with a Microsoft Tech  Track 100 award in 2007.  More recently the company 
was voted as one of the  UK’s Best Companies to work for with a first class 
Best Companies award. Its  impressive customer list includes larger enterprises 
such as Tarmac, United  Biscuits, Carillion, Ringway and British Airways.

Editorial  enquiries please call Robert Peel +44 (0)1666 823306.
Please FAX any colour  sep. requests to fax no 01666 824668
READER ENQUIRIES to Martin Port at  Masternaut - +44 (0)113 281 4000
www.masternaut.co.uk