Iomart expands cloud services with Switch Media
The Liverpool-based company gains 10,000 customers in the £1.25 million deal.
Cloud hosting company Iomart Group has acquired Liverpool-based domain name and hosting company Switch Media.
Iomart has acquired the entire issued share capital of Switch for a total cash sum of 1.25 million.
Switch supplies domain name and shared hosting services to small businesses which operate in a similar market to Iomart's Easyspace division. The acquisition brings more than 10,000 customers under the Easyspace umbrella.
Iomart chief executive Angus MacSween said the take-over was the company's second purchase in six months, following the acquisition of Titan Internet in November last year for 4.2 million.
"Switch Media is an excellent complementary business to our existing operations and trades in the small company segment of the hosting services market," he said.
"It will enhance the growth of Iomart through expansion of the group's customer base and access to new clients."
For Switch, the takeover means the company's clients will gain access to Iomart's wholly-owned data centres and its full range of cloud computing services.
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