Coreix Managed Servers » Iomart http://www.coreix.net/blog Coreix Managed Dedicated Hosting and Colocation Solutions Mon, 06 Sep 2010 13:09:49 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 iomart accelerates managed hosting growth with acquisition of RapidSwitch http://www.coreix.net/blog/iomart-accelerates-managed-hosting-growth-with-acquisition-of-rapidswitch/102/ http://www.coreix.net/blog/iomart-accelerates-managed-hosting-growth-with-acquisition-of-rapidswitch/102/#comments Tue, 12 May 2009 09:11:07 +0000 Coreix http://www.coreix.net/blog/?p=102 iomart accelerates managed hosting growth with acquisition of RapidSwitch

iomart group has acquired the entire issued share capital of RapidSwitch Limited, a managed hosting provider and currently ranked by Deloittes as the 10th fastest growing technology company in the UK, for £4.3 million cash on completion with a further £0.95 million payable on 31st March 2010.

The company is focussed on delivering highly reliable managed hosting solutions for its clients. RapidSwitch currently manages over 4,000 dedicated servers on behalf of 1,600 clients ranging from SMEs through to large corporate. For the year to March 2008 revenues grew from £1.4 to £2.6 million and EBITDA was £760k. Similar rates of revenue growth have been maintained through to March 09.

Source: iomart

]]> http://www.coreix.net/blog/iomart-accelerates-managed-hosting-growth-with-acquisition-of-rapidswitch/102/feed/ 3