iomart has made its second acquisition of 2015, acquiring the managed hosting company United Hosting for a total consideration of up to £11.0 million.
United Hosting was founded in 1998 and provides managed, dedicated and shared hosting services and domains to approximately 6,500 customers, the majority of which are small businesses. The company is based in Hemel Hempstead in Hertfordshire, where its main data centre facility is located.
Angus MacSween, CEO of iomart, said: “In line with previous acquisitions made by iomart, United Hosting is a profitable, growing business whose services reflect those we offer. As such, the business fits well within our acquisition criteria and will be a valuable addition to the Group.”
Matt Wallis, Director of United Hosting, said: “This is a huge opportunity to develop and grow the business. We are now backed by one of the leading providers of managed hosting and cloud services in the UK as well as a company with all the regulatory and financial strength that comes with being listed on the London Stock Exchange. Having met with Angus and his executive team we believe they can take us to the next level of success.”
For the full statement made to the London Stock Exchange click here.
This is the second acquisition of the year for iomart. In June, the Group acquired SystemsUp, an IT consultancy specialising in the design and delivery of Public Cloud solutions.
iomart is due to announce its interim results tomorrow Wednesday 2nd December 2015.Subscribe to RSS Feed