New Cloud Contract Wins

RNS Number : 1403C

Iomart Group PLC

02 March 2011

 



2 March 2011

iomart Group plc

("iomart" or the "Group")

iomart continues to make headway in the Cloud with new contract wins

iomart (AIM:IOM), the cloud computing and managed hosting services company, continues to see strong demand through its iomart Hosting business for the outsourcing of IT services to the cloud. This operation is now closing between 30 to 40 new orders per month from both new and existing customers, having won several significant new contracts in the past few months.

Four recently signed contracts, from both new and existing customers, for the provision of a range of complex hosting services, have a combined contractual value in excess of £1.8m. These contracts provide further evidence that cloud and virtualised environments are fast becoming the de facto method of delivering technology services and applications at the enterprise level.

These new contracts have been secured with office2office, the specialist provider of managed procurement and business critical services, GMG Radio, part of Guardian Media Group, one of Britain's leading radio businesses encompassing the Real Radio, Smooth Radio and Rock Radio brands, a leading pan European network provider and a well known recruitment company.

Angus MacSween, CEO of iomart Group commented:

"We believe that cloud computing has reached a tipping point, having significantly moved through the early adopter phase over the past six months. Almost every company, regardless of sector or size that we speak to is considering either a full or part cloud solution for their IT needs.

"The differing types, or definitions, of cloud computing are now becoming widely accepted and understood, and definite purchasing trends are beginning to emerge. We are finding that the micro business is embracing the public cloud, whilst the enterprise and mid market is seeking the reassurance, scalability, security and reliability that a high availability hybrid or private cloud offers."

iomart intends to issue a group trading update around the end of its financial year, being 31 March 2011.

For further information:

iomart Group plc	Tel: [phone]
Angus MacSween, Chief Executive
Richard Logan, Finance Director
Peel Hunt (Nominated Adviser and Broker)	Tel: [phone]
Richard Kauffer
Daniel Harris
Threadneedle Communications	Tel: [phone]
Caroline Evans-Jones
Tom Moriarty
Hilary Millar

About iomart Group plc

iomart Group 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 network infrastructure, including five state-of-the-art data centres in the UK, 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.

Services offered include: Cloud Computing, Managed Hosting, Colocation, Complex Hosting solutions, Content Delivery Networks, IP Transit, Data Centre Services and Cloud Applications.

For further information about the Group, please visit www.iomart.com

 

END

 

 

NRAEAPDFEAAFEFF