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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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£1.6M ($2.4M) of managed cloud services contracts drive iomart Hosting’s Growth

March 10, 2010 | Author: | Posted in Internet & New Media

iomart Hosting the managed hosting and cloud computing services company, is pleased to announce the recent signing of three new managed hosting contracts which are expected to generate total revenues of approximately £1.6m ($2.4M) over the next three years. These complex hosting contracts, with both public and private sector organisations, reflect the emerging and fast …

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