GLASGOW, Scotland, June 8, 2015 /PRNewswire/ --
Acquisition Marks iomart Ambition To
Be Complete Cloud Business Enabler
UK cloud company iomart (AIM: IOM) has announced that it has
acquired the entire issued share capital of SystemsUp, an IT
consultancy specialising in the design and delivery of Public Cloud
solutions, for an estimated total consideration of £12.5m.
(Logo:
http://photos.prnewswire.com/prnh/20121126/579634 )
£9.0m has been paid in cash as an initial consideration. A
further contingent consideration is due in respect of delivery of
revenues, on an adjusted basis, for the year to March 2016. It has been estimated that this
contingent payment could be in the region of £1.0m to £3.5m.
SystemsUp is a London
consultancy specialising in the delivery of IT transformation using
Public Cloud. It has a range of expertise in the design and
delivery of public cloud solutions and is a G-Cloud partner to
Google, an authorised Government Partner to Amazon Web Services and
a Microsoft Gold Partner.
Angus MacSween, CEO of iomart,
said: "The market for cloud computing is becoming incredibly
complex and the demand for public cloud services is increasing at
pace. With the acquisition of SystemsUp, iomart has broadened its
ability to engage at a strategic level and act as a trusted advisor
on cloud strategy to organisations wanting to create the right
blend of cloud services, both public and private, to fit their
requirements."
Although now a part of the iomart Group of companies, SystemsUp
will retain its role as an impartial, agnostic, expert consultancy
on public cloud strategy.
Peter Burgess, Managing Director
of SystemsUp, said: "We have already built up a significant
reputation and expertise in helping organisations use public cloud
to drive down IT costs and improve efficiency. As part of iomart we
can leverage their award winning Managed Services offerings to
deepen and widen our toolset to deliver a broader set of cloud
services, alongside continuing to deliver the strategic advice and
deployment of complex large public and private sector cloud
projects."
In the 12 months to 31 March 2015
SystemsUp recorded revenue of £4m with a Profit Before Tax of
£1.5m, double that of 2014.
For the official statement made to the London Stock Exchange
click here
iomart will post its annual results statement for the year
ending March 31, 2015 to the London
Stock Exchange on Tuesday 9 June.
About iomart
Award winning cloud company iomart Group PLC (AIM:IOM) enables
businesses and organisations to operate their online data and IT
environments safely and securely. Headquartered in Glasgow, Scotland, iomart partners with
leading vendors such as VMware, Amazon, EMC, Microsoft, Asigra,
Arbor and Dell to offer customers a centrally managed, controlled
and completely agnostic set of hybrid, private and public cloud
platforms. By owning a global network and datacentre
infrastructure, iomart can support any customer who wishes to move
seamlessly between any and all of these platforms with a
consultative level of knowledge and expertise, delivering cloud
services to meet exact business needs. For more information visit
http://www.iomart.com
Contact:
Jane Robertson
PR Manager
jane.robertson@iomart.com
+44(0)141-931-6400
@iomart
SOURCE iomart Group PLC