iomart Group a.k.a. RapidSwitch & Easyspace aquires Scottish host EQSN

Fri, 25th November 2011, 04:40

UK’s managed hosting and cloud computing provider iomart Group plc, better known by its subsidiaries, iomart Hosting, RapidSwitch, Titan Internet, Easyspace and Westcoastcloud announced today that it has acquired Scottish infrastructure service provider EQSN.

The terms of the deal disclosed has iomart acquiring the entire issued share capital of EQSN for a total cash consideration of £2.475m with £2.25m payable at completion and a deferred consideration of up to £225k contingent on the successful integration of the operations of ESQN into the Group.

Based in Glasgow EQSN provides managed hosting solutions to a varied range of clients across all major sectors of industry including: banking & finance, manufacturing, social networking, local & central government, corporate, and the NHS. Its clients include a number of high profile names and quoted companies.

Angus MacSween, CEO of iomart Group plc, said: “We are delighted with this addition to the iomart Group as we continue to drive forward our reputation as a leading provider of secure web hosting and managed services for business. EQSN has an impressive customer base and is a strong strategic and cultural fit for us.”

Alan Lorimer, CEO of EQSN, said: “EQSN is a very successful company in its own right. Becoming part of iomart is a natural next step for us. It means that we can offer our customers even more value through an extended service portfolio and facilities because of iomart’s fully owned, managed and secure datacentre network and its commitment to providing customers with peace of mind.”

EQSN is the third acquisition in less than a year for iomart Group plc. It bought Liverpool domain name and hosting company Switch Media for £1.25m in April 2011 and technical hosting specialist Titan Internet for £4.2m in November 2010.

The press release does not define exactly what constitutes the successful integration of the operations of ESQN into the Group.

Clients of the iomart Group plc, or its subsidiaries, can review their services and be automatically included for a chance to win in HostJury "Happy Holiday" draw on Christmas Day!

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