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iomart Group’s cloud and managed hosting strategy pays off as it reports 55% revenue increase

June 2, 2010 | Author: | Posted in Economic News, Trends & Analysis

Managed hosting and cloud computing service company iomart Group plc has today announced its full-year results, reporting impressive customer and revenue growth, a strong balance sheet, significant adoption of cloud hosting services and the securing of a £10M acquisition war chest. A 55% increase in revenues, a doubling of hosting customers together with a £3.9M …

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Bank backs iomart’s Hosting Strategy with £10M acquisition war chest

June 2, 2010 | Author: | Posted in Corporate Expansion

AIM-listed iomart Group plc has secured a £10 million credit facility from Lloyds Banking Group as it continues its strategy to grow its managed hosting business through a combination of organic growth and acquisition. The company, which purchased Maidenhead based server hosting company RapidSwitch in May 2009, looks set to acquire further complementary hosting businesses …

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