To expand its hosting offering in UK market
iomart Group, a UK-based provider of managed hosting and cloud computing services, has acquired Switch Media, a domain name and hosting company in Liverpool, to expand its hosting offering in the UK market.
iomart has acquired the entire issued share capital of Switch Media for a total cash consideration of £1.25m.
Switch Media supplies domain name and shared hosting services to small businesses and operates in a similar market to iomart’s Easyspace division.
Through the acquisition of Switch Media, iomart gets access to Switch Media’s more than 10,000 customers, providing a base of additional business from which Glasgow-headquartered iomart can expand its small company hosting business.
iomart Group CEO Angus MacSween said buying Switch Media is iomart’s second purchase in six months and continues their policy of expansion by both organic and acquired growth.
"Switch Media is a complementary business to our existing operations and trades in the small company segment of the hosting services market," MacSween said.
"It will enhance the growth of iomart through expansion of the Group’s customer base and access to new clients and is a further step forward in iomart’s strategy of building a leading hosting company in the UK."