Utilising its own data centre and network infrastructure, iomart can provide a scaleable and economical solutions for the hosting and managing of complex mission critical applications and services and all delivered with 100% Uptime.


Commenting on the latest company acquisition (Iomart is now planning to take full control of the Easyspace Datacentres, for which it paid 11 million for a 51 percent stake last year. Glasgow-based Iomart will now pay 4.8m for the remainder of the company in two years):

Chief executive Angus MacSween said there had also been a lack of investment in the (data)centres across the UK. "A decade ago there was oversupply in datacentre capacity, but in that time there's been very little new capacity added and now there's a shortage, which has driven up prices significantly."

House brokers, KBC Peel Hunt said the deal was "potentially transformational".


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Websites:
http://www.iomart.com/


http://www.iomartgroup.com/


Investor information:
http://www.iomartgroup.com/investors_iomart.php

I'm no chartists but looks like a double bottom on the chart, could be in for a nice bounce (hopefully upwards).

On the move this morning, after some large trades yesterday.

Sector specific news:

International Bus Mach IBM buying data storage company NovusCG




ARMONK, N.Y. (AP) - International Business Machines Corp. said Wednesday it
agreed to purchase privately-held data storage company NovusCG.
Financial terms of the acquisition were not disclosed.
IBM said Novus will join IBM Global Technology Services' storage and data
services business unit.
IBM said the purchase, when combined with its services, will aid clients'
abilities to access business information, permit stronger regulatory and
corporate compliance and improve general information technology performance.


http://www.advfn.com/news_IBM-buying-data-storage-company-NovusCG_22889018.html