Business Cloud News

iomart buys cloud consultancy SystemsUp for £12.5

iomart is buying IT consultancy SystemsUp for an estimate £12.5m

UK cloud service provider iomart announced it has entered into a deal to acquire IT consultancy SystemsUp, which specialises in designing and delivering cloud solutions, for up to £12.5m.

iomart buys ServerSpace for £4.25m

iomart has acquired ServerSpace for £4.25m

Glasgow-based cloud computing firm iomart announced it has acquired ServerSpace, a rival cloud service provider, for £4.25m. The move comes as the company reported a revenue increase of almost 28 per cent in its consolidated half yearly results for the period ending 30 September.

UK cloud challenger iomart results buoyed by SME uptake

iomart announced strong growth in its cloud segment, which it owed in large part to increased uptake of cloud services among SMEs

Glasgow-based cloud computing firm iomart announced an increase of almost 40 per cent in annual revenues for the latest financial year, with pre-tax profits of £14.6m – up from £10.7m in 2013. The firm said the company’s strong results were due in large part to increased cloud uptake among SMEs and the mid-market.