iomart Group PLC

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iomart Group PLC - overview

Established

1998

Location

Glasgow, -, UK

Primary Industry

Outsourcing

About

Iomart Group PLC is a UK-based company specializing in managed cloud services, delivering tailored solutions that enhance business agility, security, and digital transformation across various sectors. Iomart Group PLC, founded in 1998, operates from Glasgow, UK. The company focuses on providing managed cloud solutions to enhance business operations. It has evolved its strategy to adapt to the changing digital landscape but remains independent without known subsidiaries or parent companies.


The company’s founder has a history in technology, although specific details on other ventures are not available. Iomart primarily offers a comprehensive suite of managed cloud solutions designed to enhance agility, scalability, and security for businesses across various sectors. Their core product offerings include private, public, sovereign, and AI cloud options aimed at addressing unique business needs and supporting digital transformation initiatives. These solutions are utilized for applications such as data hosting, cyber resilience, disaster recovery, and backup services, catering to a diverse clientele that spans small and medium-sized enterprises, large corporations, and public sector organizations.


Iomart markets its products across the UK and internationally, ensuring a secure infrastructure for today’s digital landscape. In the fiscal year 2024, Iomart reported a revenue of USD 159. 71 mn and an EBITDA of USD 44. 99 mn.


The company generates revenue through subscription-based models and direct client engagements, focusing on managed cloud services and cybersecurity solutions, which often involve long-term contracts to secure essential IT infrastructure while offering expert support. Iomart plans to expand its product lineup with new managed cloud solutions to be launched in the coming months, further enhancing its service offerings. The company is targeting expansion into international markets, particularly in Europe and North America by the end of 2025. Recent funding will be strategically allocated to accelerate these product developments and market expansion efforts, ensuring that Iomart stays competitive and responsive to customer needs.


Primary Industry

Outsourcing

Sub Industries

Offshore IT Services/IT Outsourcing

Website

www.iomart.com

Verticals

Cloud Computing

Total Amount Raised

Subscriber access only

iomart Group PLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedUnited Communications Limited-

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