UK formed cloud organisation iomart acquires EQSN

CBR Staff Writer
Published 28 Nov 2011

iomart has acquired EQSN’s share collateral for £2.475m

UK formed cloud computing and managed hosting association iomart has acquired Scottish infrastructure use provider EQSN to enhance a reward patron base.

iomart has acquired EQSN’s share collateral for £2.475m with £2.25m payable during execution and a deferred care of adult to £225k fortuitous on a successful formation of a operations of ESQN into a Group.

Prior to EQSN, iomart bought Liverpool domain name and hosting association and technical hosting dilettante Titan Internet.

EQSN provides managed hosting offerings to a sundry operation of clients opposite all sectors of attention including: banking finance, manufacturing, amicable networking, internal executive government, corporate, and a NHS and iomart specialises in a smoothness and government of mission-critical hosting services, enabling business to revoke a costs, complexity and risks compared with progressing their possess web and online applications.

iomart CEO Angus MacSween pronounced iomart is gay with this further to a iomart Group as it continue to expostulate brazen iomart repute as a provider of secure web hosting and managed services for business. EQSN has an considerable patron bottom and is a clever vital and informative fit for iomart.

“The squeeze of EQSN fits ideally with the settled goal of looking for acquisitions that supplement abyss and value. We are desirous to keep flourishing organically and by acquisitions and will continue to demeanour for identical opportunities relocating forward,” pronounced MacSween.

EQSN CEOAlan Lorimer pronounced EQSN is a successful association in a possess right.

“Becoming partial of iomart is a healthy subsequent step for us. It means that we can offer the business even some-more value by an extended use portfolio and comforts since of iomart’s entirely owned, managed and secure datacentre network and a joining to providing business with assent of mind,” pronounced Lorimer.

Article source: http://ecommerce.cbronline.com/news/uk-based-cloud-firm-iomart-acquires-eqsn-281111

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