Tag: Iomart

Iomart swallows Extrinsica

Cloudy vendor Iomart Group is acquiring Microsoft Azure cloud solutions provider Extrinsica for £4 million.

This move will give the Glasgow-based Iomart a team of 33 based in the UK, customer references, and UK growth plan.

Extrinsica CEO Simon Smith will continue to lead the business as CEO.

“Joining Iomart marks an exciting phase for our highly skilled, experienced and ambitious team, providing us with a strengthened platform for growth. It allows us to use joint capabilities, capitalise on our understanding of the markets we operate in and build upon our significant achievements.

Iomart snaps up Concepta Captial

Cloudy Iomart has acquired Concepta Captial in a bid to shore up its channel business.

The Scottish company acquired the entire issued share capital of Concepta, a holding company for a group including the ORIIUM and Pavilion IT brands.

It involves an initial £10.5 million down now and an extra £4 million later based on future performance.