Iomart buys Redstation for £6.6m

Binary code and fibre optic strands Iomart has made a number of acquisitions in recent years

Glasgow cloud computing company Iomart has bought Hampshire-based rival Redstation for £6.6m in cash and shares.

A further £1.5m is payable depending on Redstation achieving profit targets.

Redstation manages thousands of servers for clients in more than 50 countries and had a turnover of £5.2m last year.

Chief executive of Iomart Angus MacSween said: "We are delighted to complement our continued organic growth through the acquisition of Redstation."

He added: "The addition of Redstation will consolidate our position as the leading player in the dedicated server market in the UK.

"Redstation's customers deliver a wide variety of cloud applications and services from the physical servers they buy from them, further underpinning iomart's strategic goal of providing the 'picks and shovels' of the cloud environment through the provision of the complex infrastructure required."

Iomart has made a number of acquisitions over the past few years and has previously said that cloud computing was in a period of consolidation.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Scotland business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.