Scottish Cloud Computing and Managed Services Provider iomart Announces 9% Revenue Growth

June 13, 2018
Scottish Cloud Computing and Managed Services Provider iomart Announces 9% Revenue Growth
Scottish cloud computing and managed services provider iomart Group PLC (iomart) has announced revenue growth of 9%. iomart, which has headquarters in Glasgow, Scotland, United Kingdom, was established in 1998. The company offers a broad range of services from managed cloud services (AWS and Azure public clouds), data center services, and cloud hosting, to domain registration, colocation, private clouds, and hybrid clouds. It bills itself as “one of the first companies to deliver cloud computing in the UK”. A G-Cloud supplier, iomart caters to the requirements of the UK’s public sector. The company’s growth was in part the result of key acquisitions.

Iomart’s 9% growth represents £97.7 million ($130.32 million). The company also registered profit-before-tax growth of 7% to £24 million ($32 million). This reflects well on its 2007 revenue of £8 million ($10.6 million). Growth was spurred by the acquisition of three companies - Dediserve, Simple Servers, and Sonassi. "We are delighted to report another year of excellent results, with increased revenues and profits and the completion of a number of acquisitions, augmenting the group's customer base and skill set,” explained Angus MacSween, iomart’s Chief Executive Officer.

"Since we embarked on our current strategy in 2007, we have successfully executed on our growth strategy, growing revenues from £8 million to nearly £100 million”, he added. "We strongly believe that the market for cloud computing solutions we identified at the time presents us with as much opportunity now as it did then and that, together with additional acquisitions, will allow us to continue to execute successfully on the strategy we put in place at that time."

Do you know of any other companies enjoying growth? Let us know the details. Add your comments below.

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