Posts Tagged ‘iomart Group’

iomart Cloud Hosting

Monday, September 20th, 2010

iomart Group plc  has continued to generate strong organic growth where it is currently adding 30 – 40 contracts per month from both new and existing customers.  These include several large and complex contracts, reflecting the continuing trend among mid size corporates to outsource all or part of their IT services to the cloud. Seven of the contracts won each had a total contract value in excess of 100,000 and collectively had a value of over 2.5 million.

New customers won include UK travel agent Flight Centre, leading TV production company, Shine TV (producers of hit series such as Masterchef, Merlin and Got To Dance) and software distributor Softcat a leading provider of software licensing, hardware, security and related IT services to corporate and public sector organisations. For both Flightcentre and Shine TV, iomart Hosting is providing the customer’s critical front end web presence on a managed basis.

In the case of Softcat, iomart Hosting is providing a complex hosting environment to support Softcat’s blue chip clients.

Angus MacSween, CEO of iomart said “We are delighted to be announcing these contract wins which validate our strategy of focusing on delivering services from within every layer of the cloud based hosting model, from the core infrastructure service layer to the complex application hosting layer.  We are witnessing an accelerated adoption of cloud computing and cloud services among enterprises and the size and scale of deployments is also growing. Businesses are thinking far more strategically about cloud services and the benefits that they will bring to their IT operations over the next few years.  We are very well placed to take advantage of this fast growing market and fully intend to capitalise on our innovation, proven capabilities and growing reputation in this fast growing and exciting market.”

With all these new contracts for iomart the should see expanding growth in the cloud hosting sector.  iomart cloud hosting is right around the corner and will be on the rise starting right now!

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iomart Group Profits from the Cloud

Wednesday, June 2nd, 2010

iomart Group announced its full-year results earlier today, reporting revenue growth, a strong balance sheet, significant adoption of cloud hosting services and the securing of a £10M acquisition.

The Group has today revealed an adjusted* EBITDA profit of £3.1M (loss of £0.3M 2009) on increased revenues of £18.3M (£11.8M 2009) in its final results to March 31 2010.

“I am personally delighted to be able to present such a strong set of financial results, especially in the face of particularly demanding economic conditions. We have excellent forward visibility of our revenues and we can look forward with excitement to delivering another year of growth and enhanced profitability.”

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