Cloud service firm breaks through the £100m barrier
Cloud services provider iomart has confirmed that it has broken through the £100m revenue barrier and is expand its presence in Manchester.
Iomart, which has a strong presence in Manchester, announced revenue growth of 6% to £103.7m.
The business has doubled in size in the past five years.
The cloud computing company also confirmed that it had made two acquisitions in the region during the year.
LDeX provides colocation, managed networks and media streaming solutions from data centres in Manchester and London – two locations which are complementary to iomart’s existing infrastructure.
Bytemark provides managed hosting, including a managed kubernetes service, from facilities in York.
In 2017 iomart bought Manchester-based Sonassi, which offers high performance Magento hosting.
Previously it acquired another Manchester hosting company, Melbourne Server Hosting, which it has since integrated into the iomart brand and backup provider Backup Technology which has offices in Leeds.
Iomart is a listed company and in its results statement to the Stock Exchange, the firm stated that ‘controlling our own infrastructure is important to delivering high quality, secure and robust solutions to customers’.
Angus MacSween, chief executive of iomart, said: “Manchester is a “hot spot” for the IT industry in the UK and our investment plans will see a first-class facility and hosting environment established.
“Breaking through the £100m revenue barrier is a landmark for the business and a validation of the strategy we established over ten years ago.
“We continue to invest in our cloud product offering, skills and organisational platform to ensure we are positioned to capitalise on this opportunity.”