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iomart Buys Scottish Hosting Company EQSN
GLASGOW, November 24, 2011/PRNewswire-FirstCall/ --
UK Cloud Computing and Managed Hosting Company iomart Expands its
Premium Customer Base
iomart Group plc (AIM:IOM), the UK managed hosting and cloud computing
services company, today (November 24 2011) announced that it has bought
Scottish infrastructure service provider EQSN.
iomart has acquired the entire issued share capital of EQSN for a total
cash consideration of GBP2.475m with GBP2.25m payable at completion and a
deferred consideration of up to GBP225k contingent on the successful
integration of the operations of ESQN into the Group.
Based in Glasgow EQSN provides managed hosting solutions to a varied
range of clients across all major sectors of industry including: banking &
finance, manufacturing, social networking, local & central government,
corporate, and the NHS. Its clients include a number of high profile names
and quoted companies.
Angus MacSween, CEO of iomart Group plc, said: "We are delighted with
this addition to the iomart Group as we continue to drive forward our
reputation as a leading provider of secure web hosting and managed services
for business. EQSN has an impressive customer base and is a strong strategic
and cultural fit for us."
Alan Lorimer, CEO of EQSN, said: "EQSN is a very successful company in
its own right. Becoming part of iomart is a natural next step for us. It
means that we can offer our customers even more value through an extended
service portfolio and facilities because of iomart's fully owned, managed
and secure datacentre network and its commitment to providing customers with
peace of mind."
EQSN was founded in 2000 and has established a reputation for delivering
secure datacentre based hosting solutions through the provision of hosting,
bandwidth supply and managed IT services.
Angus MacSween continued: "The purchase of EQSN fits perfectly with our
stated intention of looking for acquisitions that add depth and value. We
are ambitious to keep growing organically and by acquisitions and will
continue to look for similar opportunities moving forward."
EQSN is the third acquisition in a year for iomart Group plc. It bought
Liverpool domain name and hosting company Switch Media for GBP1.25m in April
2011 and technical hosting specialist Titan Internet for GBP4.2m in November
2010.
iomart Group plc is due to report its half yearly results for the six
months to 30 September 2011 on November 29.
Notes for editors:
About iomart Group plc:
iomart Group plc (AIM:IOM) is one of the UK's leading providers of
managed hosting and cloud computing services. From a single server through
to private cloud networks, iomart specialises in the delivery and management
of mission-critical hosting services, enabling customers to reduce the
costs, complexity and risks associated with maintaining their own web and
online applications.
By physically owning and managing its own global network infrastructure,
iomart offers world-beating levels of service to its customers. The Group
offers a unique 100% uptime guarantee with all hosting services being
engineered to ensure no single point of failure.
iomart Group operates in its chosen markets through a number of
subsidiaries: iomart Hosting, RapidSwitch, Titan Internet, Easyspace and
Westcoastcloud. The group has been listed on the London Stock Exchange's
Alternative Investment Market (AIM) since April 2000.
For more information about iomart Group plc visit
http://www.iomart.com
Media contact:
Jane Robertson
PR Manager, iomart Group plc
Jane.robertson@iomart.com
Tel. +44(0)141-931-6400
Dir. +44(0)141-931-6474
Mob. +44(0)7827-948993
Source: iomart Group plc
.
iomart Buys Scottish Hosting Company EQSN
GLASGOW, November 24, 2011/PRNewswire-FirstCall/ --
UK Cloud Computing and Managed Hosting Company iomart Expands its
Premium Customer Base
iomart Group plc (AIM:IOM), the UK managed hosting and cloud computing
services company, today (November 24 2011) announced that it has bought
Scottish infrastructure service provider EQSN.
iomart has acquired the entire issued share capital of EQSN for a total
cash consideration of GBP2.475m with GBP2.25m payable at completion and a
deferred consideration of up to GBP225k contingent on the successful
integration of the operations of ESQN into the Group.
Based in Glasgow EQSN provides managed hosting solutions to a varied
range of clients across all major sectors of industry including: banking &
finance, manufacturing, social networking, local & central government,
corporate, and the NHS. Its clients include a number of high profile names
and quoted companies.
Angus MacSween, CEO of iomart Group plc, said: "We are delighted with
this addition to the iomart Group as we continue to drive forward our
reputation as a leading provider of secure web hosting and managed services
for business. EQSN has an impressive customer base and is a strong strategic
and cultural fit for us."
Alan Lorimer, CEO of EQSN, said: "EQSN is a very successful company in
its own right. Becoming part of iomart is a natural next step for us. It
means that we can offer our customers even more value through an extended
service portfolio and facilities because of iomart's fully owned, managed
and secure datacentre network and its commitment to providing customers with
peace of mind."
EQSN was founded in 2000 and has established a reputation for delivering
secure datacentre based hosting solutions through the provision of hosting,
bandwidth supply and managed IT services.
Angus MacSween continued: "The purchase of EQSN fits perfectly with our
stated intention of looking for acquisitions that add depth and value. We
are ambitious to keep growing organically and by acquisitions and will
continue to look for similar opportunities moving forward."
EQSN is the third acquisition in a year for iomart Group plc. It bought
Liverpool domain name and hosting company Switch Media for GBP1.25m in April
2011 and technical hosting specialist Titan Internet for GBP4.2m in November
2010.
iomart Group plc is due to report its half yearly results for the six
months to 30 September 2011 on November 29.
Notes for editors:
About iomart Group plc:
iomart Group plc (AIM:IOM) is one of the UK's leading providers of
managed hosting and cloud computing services. From a single server through
to private cloud networks, iomart specialises in the delivery and management
of mission-critical hosting services, enabling customers to reduce the
costs, complexity and risks associated with maintaining their own web and
online applications.
By physically owning and managing its own global network infrastructure,
iomart offers world-beating levels of service to its customers. The Group
offers a unique 100% uptime guarantee with all hosting services being
engineered to ensure no single point of failure.
iomart Group operates in its chosen markets through a number of
subsidiaries: iomart Hosting, RapidSwitch, Titan Internet, Easyspace and
Westcoastcloud. The group has been listed on the London Stock Exchange's
Alternative Investment Market (AIM) since April 2000.
For more information about iomart Group plc visit
http://www.iomart.com
Media contact:
Jane Robertson
PR Manager, iomart Group plc
Jane.robertson@iomart.com
Tel. +44(0)141-931-6400
Dir. +44(0)141-931-6474
Mob. +44(0)7827-948993
Source: iomart Group plc
.