PRN: Cloud Computing Company iomart Group Crowned Scottish PLC of the Year
Cloud Computing Company iomart Group Crowned Scottish PLC of the Year
GLASGOW, Scotland, April 19, 2012 /PRNewswire/ --
iomartÂ praised by judges for 'exceptionally impressive' performance
iomart Group plc (AIM:IOM), is proud to announce that it has been crowned Scottish PLC of the Year at the 2012 Scotland PLC Awards.
The judges of the awards, which were established to recognise the success of Scotland's listed companies, described iomart's growth as 'exceptionally impressive.'
iomart was chosen ahead of Scottish giants including Weir Group and Aggreko. The Glasgow-headquartered cloud computing company also picked up a second major award, for AIM/Mid-sized Cap of the Year.
Angus MacSween, CEO of iomart Group plc, said: "This is fantastic recognition for everyone at iomart who has worked so hard to help the company grow over the past decade. It's been an amazing ride and further validates our strategic direction. Cloud computing is now proving its worth for UK and international business and some of the most recognised brands and organisations now choose iomart to host their IT infrastructure, websites and applications." Â
One of the judges said of iomart Group: "They have gone from being a small loss-making business through to profitability and now on to building scale in what is a difficult arena; exceptionally impressive."
The judges also pointed to the fact that iomart's share price had gone from under 5 pence ten years ago to more than 20 times that figure in 2011 and that it had continued to grow both organically and acquisitively in the past year.
Among the organisations iomart provides cloud computing and managed hosting services for are Government office supplies provider office2office, fashion retailer Reiss and cheap flights search specialist Skyscanner. Two of iomart's customers, international travel group Stagecoach and broadcaster STV were also among the winners at the Scotland PLC Awards Â - STV won the award for Digital Value Creation while Stagecoach were co-winners of the Sustainability Award. Â
The awards were sponsored by Business Insider and PwC.
iomart recently released its pre-close trading statement announcing that it has achieved a very strong set of results across both its operating segments, ahead of market consensus. For the year to 31 March 2012, the Group expects to show an adjusted EBITDA of not less than GBP11 million (FY2011: GBP6.6 million) and adjusted profit before tax of approximately GBP6.7 million (FY2011: GBP3.6 million).
Notes for editors:
About iomart Group plc:
iomart Group plc (AIM:IOM) is one of the UK's leading providers of managed hosting and cloud computing services. From a single server through to private cloud networks, iomart specialises in the delivery and management of mission-critical hosting services, enabling customers to reduce the costs, complexity and risks associated with maintaining their own web and online applications.
By physically owning and managing its own global network infrastructure, iomart offers world-beating levels of service to its customers. The Group offers a unique 100% uptime guarantee with all hosting services being engineered to ensure no single point of failure.
iomart Group operates in its chosen markets through a number of subsidiaries: iomart Hosting, RapidSwitch, Easyspace, EQSN and Westcoastcloud. The group has been listed on theÂ LondonÂ Stock Exchange's Alternative Investment Market (AIM) since April 2000.Â For more information about iomart Group plc visitÂ http://www.iomart.com
News release issued by Jane Robertson, Head of PR for iomart Group plc.Â For more information please emailÂ firstname.lastname@example.orgÂ Â or call +44(0)141-931-6474 (dir), +44(0)141-931-6400 or +44(0)7827948993 (mob).
Company Codes: LSE:IOM, Bloomberg:IOM@LN, RICS:IOM.L