http://www.iomart.com/

The Group's principal activity is providing web based managed hosting services for both the consumer and business.

Originally founded in 1998 as an integrated internet and telecommunications company, the Group has evolved to become one of Europe’s largest providers of managed hosting, colocation, data centre, and business continuity services, serving over 300, 000 customers each day. Having been at the forefront of the UK’s technological revolution for the past decade the Group has developed an enviable reputation for its internet expertise, its service ethic and its product innovation.

The Group holds a unique position within the marketplace. By owning its own data centre and network infrastructure, it is able to deliver the complete set of vertical components in the hosting arena from domain names, virtual web space, security, web marketing, SEO, websites, dedicated servers through to complex managed hosting solutions, colocation space, power, cooling and bandwidth.

As more and more mission critical business applications move on to the web, so organisations need more resilience, security and 24 hour management; the market for managed hosting services and datacentre capacity is expected to grow significantly over the next few years.Described by US Analyst Tier 1 as "currently enjoying the sort of momentum that could soon place it on the list of European heavyweights.", the iomart Group is fast proving to be one of the UK's leading lights in the provision of true cloud computing services.

Final results Wednesday 29 May

iomart group PLC (IOM:LSE) set a new 52-week high during today's trading session when it reached 249.12. Over this period, the share price is up 79.93%.

Final Results

FINANCIAL HIGHLIGHTS

· Revenue growth of 29% to £43.1m (2012: £33.5m)

· Adjusted EBITDA1 growth of 48% to £16.5m (2012: £11.2m)

· Adjusted profit before tax growth2 of 56% to £10.7m (2012: £6.9m)

· Adjusted basic earnings per share3 from operations increased by 21% to 8.46p (2012: 6.99p)

· Cashflow from operations increased by 54% to £14.8m (2012: £9.6m)

· Adjusted EBITDA1 margins increased to 38% (2012: 33%)

· Proposed final dividend increased by 56% to 1.40p per share (2012: 0.90p per share)



OPERATIONAL HIGHLIGHTS

· Acquisition of Melbourne Server Hosting Limited for a total consideration of £6.7m

· Acquisition of Skymarket Limited for a maximum consideration of £1.4m

· Acquisition of Internet Engineering Limited for a maximum consideration of £1.4m

· Deployment of resilient UK fibre network across all datacentres

· Commencement of fit out of additional 600 racks of datacentre space

Statutory Equivalents

The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:

· Profit before tax growth of 49% to £8.7m (2012: £5.8m)
· Basic earnings per share from operations increased by 11% to 6.91p (2012: 6.22p)

RNS


RNS Number : 7386F

Iomart Group PLC

29 May 2013








29 May 2013

iomart Group plc

("iomart" or the "Group" or the "Company")



Final Results for the Year ended 31 March 2013



iomart (AIM:IOM), the cloud computing company, is pleased to report its consolidated final results for the year ended 31 March 2013.



FINANCIAL HIGHLIGHTS



· Revenue growth of 29% to £43.1m (2012: £33.5m)



· Adjusted EBITDA1 growth of 48% to £16.5m (2012: £11.2m)



· Adjusted profit before tax growth2 of 56% to £10.7m (2012: £6.9m)



· Adjusted basic earnings per share3 from operations increased by 21% to 8.46p (2012: 6.99p)



· Cashflow from operations increased by 54% to £14.8m (2012: £9.6m)



· Adjusted EBITDA1 margins increased to 38% (2012: 33%)



· Proposed final dividend increased by 56% to 1.40p per share (2012: 0.90p per share)





OPERATIONAL HIGHLIGHTS



· Acquisition of Melbourne Server Hosting Limited for a total consideration of £6.7m



· Acquisition of Skymarket Limited for a maximum consideration of £1.4m



· Acquisition of Internet Engineering Limited for a maximum consideration of £1.4m



· Deployment of resilient UK fibre network across all datacentres



· Commencement of fit out of additional 600 racks of datacentre space



Statutory Equivalents



The above highlights are based on adjusted results. A full reconciliation between adjusted and statutory results is contained within this statement. The statutory equivalents of the above results are as follows:



· Profit before tax growth of 49% to £8.7m (2012: £5.8m)

· Basic earnings per share from operations increased by 11% to 6.91p (2012: 6.22p)











1 Throughout this statement adjusted EBITDA is earnings before interest, tax, depreciation and amortisation (EBITDA) before share based payment charges and acquisition costs. Throughout this statement acquisition costs are defined as acquisition related costs and non-recurring acquisition integration costs.

2 Throughout this statement adjusted profit before tax is profit before tax, amortisation charges on acquired intangible assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps and acquisition costs.

3 Throughout this statement adjusted earnings per share is earnings per share before amortisation charges on acquired intangible

assets, shared based payment charges, mark to mark adjustments in respect of interest rate swaps and acquisition costs, including the taxation effect of these.

4 At the start of the financial year some of the customers of Titan Internet Limited, which was acquired in October 2010, were transferred from the Hosting segment to the Easyspace segment. All of the appropriate comparative figures for the previous financial year for both segments have been restated to reflect that transfer. Details of the comparative figures before the effect of the transfer have been included in the Segmental Analysis note.







Angus MacSween, CEO commented,



"This has been another excellent trading period for iomart, delivering substantial growth both organically and through successful acquisitions. Trading since the year end remains encouraging and in line with our expectations. We continue to be well placed to deliver an ever wider range of cloud services and with our growing credibility and strength we expect to be able to penetrate further into the corporate environment. Our experience and skills are growing and we continue to improve and invest in our systems and people to support further significant growth. I look forward once again with confidence to the year ahead."

iomart adjusted earnings up 48%

Canaccord Genuity Buy 244.25 248.75 264.00 272.00 Reiterates

Finncap Buy 244.25 248.75 290.00 290.00 Reiterates

iomart inflated by cloud acquisitions
Wed 29 May 2013




iomart inflated by cloud acquisitions LONDON (SHARECAST) - Cloud computing provider iomart lifted its dividend by more than half as three acquisitions boosted sales and profits.

The highly cash generative company increased revenues 29% to £43.1m, with earnings before interest, tax, depreciation, amortisation and one-off acquisition costs soaring 48% to £16.5m.

The Glasgow-headquartered group proposed a 56% increase in its final and total dividend to 1.4p per share after cashflow from operations swelled by 54% to £14.8m.

But due to acquisition spending the company moved from a net cash position of £2.5m to a small net debt position of £0.4m by the year-end.

During the year iomart acquired and completed the integration of three internet hosting businesses, Melbourne Server Hosting for £6.7m in August, Skymarket for up to £1.4m in July and Internet Engineering for £1.4m in October.

Together the three businesses added £894,000 of pre-tax profits from a combined £3.7m revenue.

Chief Executive Officer Angus MacSween said: “Trading since the year end remains encouraging and in line with our expectations.

“We continue to be well placed to deliver an ever wider range of cloud services and with our growing credibility and strength we expect to be able to penetrate further into the corporate environment.

“Our experience and skills are growing and we continue to improve and invest in our systems and people to support further significant growth. I look forward once again with confidence to the year ahead."

Shares in iomart were down 2.0% at 243.75p at 9.20 on Wednesday.

iomart Group and Geo win Global Telecoms Business Award for private fibre network

Posted on June 5, 2013


Network delivers capacity, speed and connectivity for private cloud

gtbiomart Group plc (AIM:IOM) and dedicated fibre network provider Geo Networks Ltd (Geo) have won the prestigious Global Telecoms Business (GTB) Innovation Award for ‘Fixed Network Infrastructure Innovation.’

The award was presented at a ceremony in London last night for the successful delivery by Geo of a fully private network to match iomart’s private cloud infrastructure.

The project, which included the delivery of a fully dedicated 1,860km fibre optical ring connecting iomart’s eight UK data centres, and the intricate integration of numerous network layers, was completed in less than four months, during the 2012 London Olympic road works embargo.

Angus MacSween, CEO of iomart Group plc, said: “It has been a long-held ambition of iomart to have complete ownership of our customers’ journey with no reliance on third party hosts. With Geo’s help we now have one of the most resilient and secure fibre networks and the network capacity, speed and connectivity to take the cloud right up to our customers’ door.”

The GTB Innovation Awards recognise collaboration between operators and vendors on the most innovative projects from the international telecoms and communications industry.

Chris Smedley, Chief Executive at Geo commented: “As the only company in the UK which leases carrier-grade dedicated fibre, Geo can provide services faster than its competitors. Our business model is different from the traditional telco model, offering our customers greater choice and flexibility.”

The Awards were founded by Global Telecoms Business Magazine, part of Euromoney Institutional Investor PLC group. Editor Alan Burkitt-Gray added: “The industry is seeing a wave of innovation which is making a huge difference — to the companies working in the industry and to all of us in business and as consumers.”

Good 4% rise today on this poor market day. Good news seems to take a few days to filter through on this one.

A buy in this weeks IC - Iomart's forward PE ratio of 24 isn't cheap, but is warranted for a company forecast to produce EPS growth of 40% over the next couple of years.

iomart Group Launches 2013 Sports Campaign

Posted on June 11, 2013


GB Youth Basketball and Football Teams to Benefit from Host Your Kit

iomart Group plc (AIM:IOM) has today launched its annual youth sports initiative Host Your Kit with the new campaign expanded to include basketball as well as football for 2013.

host_your_kitHost Your Kit is a competition to give away free brand new sports kit to youth teams across England, Scotland and Wales, who would otherwise struggle to pay for them. Last year 30 football teams won brand new kits courtesy of the award-winning cloud computing company. This year the competition will include basketball as well.

Phil Worms, Director of Marketing for iomart Group said: “Host Your Kit is about providing much needed sports kit to deserving youth teams during difficult economic times and we’re delighted that it’s going to be bigger and better this summer.

“Host Your Kit also takes our hosting message to an audience not normally associated with computing and IT. The response to last year’s football campaign was phenomenal and we wanted to expand it, so this year we’ve added basketball as it’s a fast growing sport in the cities in which we have a data centre presence. We believe this will provide us with new levels of engagement.”

Host Your Kit’s move into basketball is being supported by Basketball Scotland and GB and Scotland forward centre Kieron Achara helped launch the campaign along with Rangers FC footballer Robbie Crawford.

Kieron, who played for Team GB at the London Olympics, said: “The Olympics fired up huge interest from kids for basketball across the UK so it’s great to see a company like iomart getting involved and helping teams with kit. Getting a great quality kit is often too expensive for young teams but when you pull one on you understand what a big difference it can make to your performance.”

Robbie Crawford of Rangers, added: “It’s great to be involved in a campaign that’s helping young football teams in such a positive way. I hope every young club enters Host Your Kit for the chance to win new kit.”

Host Your Kit is giving away a total of 45 Spalding and adidas kit with the help of sports retailers Gilmour Sports and Greaves Sports. Details of how to enter are at www.hostyourkit.com . You can follow the campaign on Twitter

iomart Group wins Cloud and Storage treble

Posted on June 14, 2013


iomart Triumphs at Data Centre and Cloud Oscars

iomart Group plc (AIM:IOM), has picked up its third major industry award in the space of two weeks after winning the award for Private Cloud Services & Infrastructure at the 6th International Datacentre & Cloud Awards 2013, described as the Oscars of the industry.

The Group won the award for its Cloudsure platform which offers a fully resilient, secure, scalable and highly available private cloud solution enabling enterprises to scale their own computing, network and storage requirements in real time according to their needs.

Angus MacSween, CEO of iomart Group plc, said: “We’re delighted that the industry has recognised the hard work that we have put in over the past year to create not only the infrastructure but the network and connectivity to support the growing demand from business for private and hybrid cloud. Big data is driving the need for flexibility, reliability and ever greater expertise in all aspects of the cloud and we are delighted to be at the forefront of the industry response to that demand.”

Ashley Davis, Managing Director, GTIS, Corporate Centre, UBS Investment Bank and chairman of the Judges Panel said: “The quality of submissions across all categories attests to the value the industry now places on these Awards. They continue to reflect the international character of the datacentre and cloud industry and the demonstrable need for customer focus and innovation to remain in lead position.”

Last week the Group’s cloud services brand iomartcloud collected the award for Archiving and Compliance Product of the Year at the 2013 Storage Awards for its Email Archiving solution.

Better known as the Storries, the Storage Awards are voted for by the readers of Storage Magazine and reward the outstanding products, services and people delivering storage to businesses and organisations.

Bill Strain, director of iomartcloud, said: “Delivering an effective archiving and storage solution across an increasingly disparate IT environment in the era of big data is a massive challenge to system administrators. To ensure we deliver the products our customers need in the way they need to consume them, we are investing in the most secure and resilient storage across our wholly owned and managed network of eight secure data centres.”

iomart’s treble winning fortnight started with its prestigious Global Telecoms Business (GTB) Innovation Award win for ‘Fixed Network Infrastructure Innovation’ for its investment in a private fibre network.

iomart Group plc Wins for Outstanding Business Growth at Digital Technology Awards

Posted on June 21, 2013


iomart rewarded for second year in row

iomart Group plc (AIM:IOM), is delighted to announce that it has picked up the award for Outstanding Performance in Business Growth at the Digital Technology Awards for the second year running.

trophies

The judges described iomart Group as “a fantastic success” and pointed to the 30% increase in turnover and 50% increase in profits over the past 12 months as a sign that iomart had truly transformed its business to become one of the leading providers of bespoke private and hybrid cloud solutions in the UK.

Angus MacSween, CEO of iomart Group plc, said: “We are delighted to be recognised by our peers in Scotland for the second year in a row and are confident that we can continue to grow our operations significantly over the coming years. By investing in our network and infrastructure we have positioned ourselves to take advantage as more and more businesses use cloud services.”

The Digital Technology Awards 2013 are organised by ICT trade organisation for Scotland ScotlandIS which says the industry contributes £4bn in GVA (Gross Value Added) to the Scottish economy and employs some 80,000 people.

Polly Purvis, Executive Director of ScotlandIS, commented: “This year has seen a consistent story across the board of increased activity internationally. Scotland is punching above its weight on the world stage and successfully penetrating international markets including the US and the Middle East.”

iomart Group’s cloud services brand iomartcloud recently concluded a deal with SHI International, one of the top 20 IT vendors in the United States, to deliver cloud backup solutions for its customers.
This entry was posted in Group News and tagged awards, cloud computing, cloud hosting, digital technology awards 2013, iomart Group plc, scotland IS by ioadmin. Bookmark the permalink.

iomart group PLC (IOM:LSE) set a new 52-week high during Thursday's trading session when it reached 254.00. Over this period, the share price is up 76.43%.

MIDAS UPDATE: Shares up by 118% at cloud computing firm iomart we tipped

By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 22:20, 22 June 2013 | UPDATED: 22:20, 22 June 2013




Expansion: Chief executive Angus MacSween has invested heavily in cloud-based services and now the investment is paying off

Glasgow-based iomart is a true Scottish success story. One of Europe’s largest providers of cloud computing services, its profits have soared more than ten-fold since 2010.


We tipped iomart in November 2011 at 115p. Today the shares are 2503⁄4p and brokers believe there is still plenty of room for growth.


Iomart’s expansion reflects growing interest in cloud-based services, which enable companies to have all their internet-related activity managed by someone else rather than do it themselves.


Chief executive Angus MacSween has invested heavily in this area and now the investment is paying off. The company has more than 100,000 clients and the number is growing fast. Most are small firms, which pay £100 or so a year in exchange for email and basic website services.

MacSween is focusing on larger fry, however – bigger companies that use the internet to sell goods and services and need to be sure their sites are running 24 hours a day, seven days a week.


They pay tens of thousands of pounds a year and they include travel firms such as Skyscanner, train operators such as South West Trains and a host of holiday, video and online gaming groups.

At the end of May, iomart unveiled pre-tax profits up 56 per cent to £10.7 million for the year to March 31 and a 56 per cent increase in the dividend to 1.4p.


Brokers expect profits to rise to £13.3 million next year, accompanied by a 14 per cent lift in the dividend to 1.6p. MacSween is confident about growth, aiming to double iomart’s size over the next five years. This sounds ambitious, but its market is growing fast as more companies rely on the internet for trading.


Even now, every minute, 204 million emails are sent and Amazon sells £53,000 of goods online. By the end of the decade, these figures are forecast to increase substantially.


Midas verdict: iomart has made strong progress in recent years and looks set to continue doing so. Investors who bought in 2011 may want to sell 25 per cent of their shares to bank some profit but they should retain most and hope MacSween fulfils his ambition. As a 20 per cent shareholder himself, he is clearly motivated to do well. New investors could also take a punt at current levels.

Minecraft Game Server Host Launches 100th Dedicated Server with RapidSwitch

Posted on June 24, 2013


CreeperHost Introduces New Multiplayer Control Panel

Rapidly expanding Minecraft game server hosting company Creeperhost.net has launched its 100th dedicated server with RapidSwitch, part of cloud company iomart Group plc (AIM:IOM)

Creeperhost had just two servers when it moved to RapidSwitch a year ago after suffering support problems with its previous hosting company. It now has 100 managed dedicated servers housed and supported in RapidSwitch’s Maidenhead data centre as well as an additional three racks in RapidSwitch’s Nottingham data centre.

Lincolnshire-headquartered Creeperhost is looking to further expand its customer base after successfully introducing a control panel which allows customers root access to play multiple games on their own virtual private server by making one single payment. The control panel is a brand new concept in the industry which usually offers gamers only shared server experience.

Paul Taylor, founder and owner of Creeperhost, said: “We moved to RapidSwitch because of poor technical support – at one stage we had two weeks’ downtime with our previous hosting company. The guys at RapidSwitch are fantastic; we’ve not had a single problem. They’re really knowledgeable and go out of their way to help you.”

The RapidSwitch team custom-build powerful dual-processor servers for Creeperhost, providing redundant power supply and large amounts of RAM and storage capacity.

Neil Christie, Commercial Director for RapidSwitch, said: “We provide bespoke hardware platforms and a lowest latency network, allowing game server hosting companies like Creeperhost to offer the maximum online gaming experience to their customers.”

In total Creeperhost now has more than 5,000 game servers hosted in the UK, Europe and the US which are used by over 25,000 gamers with approximately 6,000 online at any one time.

To celebrate its 100th dedicated server with RapidSwitch, Creeperhost is offering a discount on its servers.

iomart group PLC (IOM:LSE) set a new 52-week high during today's trading session when it reached 264.00. Over this period, the share price is up 85.92%.

iomartcloud celebrates 10 years of Internet Watch Foundation membership

Posted on July 10, 2013


IWF Logoiomartcloud, iomart Group’s cloud solutions brand, is celebrating 10 years as a member of the Internet Watch Foundation.

As an industry partner, iomartcloud uses the daily list produced by the IWF to block known criminal child sexual abuse content from the computers, laptops, mobile phones and tablet devices used in the schools, businesses and other organisations across the UK that benefit from its services.

Netintelligence, iomartcloud’s award-winning and Government approved web filtering software, incorporates the websites highlighted by the IWF’s daily list so they can be blocked at the gateway. Netintelligence is the only such filtering software to be awarded the Child Safety Online Kitemark by the British Standards Institute, thanks to the outstanding levels of protection it provides.

Susie Hargreaves, IWF Chief Executive, says: “iomartcloud has been supporting the fight against online child sexual abuse content for a decade and for that the whole IWF team are immensely grateful. Since 2003 less than 1% of known child sexual abuse content has been hosted in the UK, dramatically down from 18% in 1996. By working together we have helped make the UK one of the harshest environments for hosting child sexual abuse content.

“iomartcloud’s on-going support and application of the IWF list will continue to protect their customers across the UK. I am delighted that our organisations have forged such a strong partnership since 2003 and hope this will continue for many decades to come.”

Netintelligence is powerful enough to provide protection to some of the most vulnerable users of the internet while being flexible enough to be adapted to suit the requirements of any organisation routinely using the internet for its business.

Bill Strain, director of iomartcloud, said: “Our membership of the Internet Watch Foundation is vital because iomartcloud’s products are used by businesses, schools and local authorities to protect their staff and employees from potentially criminal material on the internet. We’re proud to be a supporter of the IWF as it continues to lead the way in combating online child sexual abuse content.”

For more information about iomartcloud’s web filtering software visit: http://www.iomartcloud.com/web-filtering

To find out more about the work of the Internet Watch Foundation visit http://www.iwf.org.uk/

-ends-

Easyspace Partners With Online Accountants Crunch to Help Startups

Posted on July 15, 2013


Partnership offers Domain Name, Hosting and Financial Advice for New Business

Easyspace, one of the UK’s largest ICANN accredited domain name registrars and web hosting companies and part of iomart Group plc, has partnered with online accountants Crunch to support startup businesses.

The partnership will see Easyspace offer web hosting and domain name advice and packages while Crunch will provide advice on tax and finances, plus on-going accounting support for the UK’s fast-growing startups.

Sarah Haran, managing director of Easyspace, said: “We can provide the critical tools to get a startup business online in the first place, while Crunch has the expert knowledge on how to manage the financial side. Together we can provide the best advice and support possible to help lots of exciting new ventures get online and start trading successfully.”

Darren Fell, managing director of Crunch, continued: “We’re taking on more and more startups every day, so it seemed logical to find the very best technology partner to go alongside our financial and tax expertise. A website and an accountant are two absolute business essentials, so we’ve put together the best possible package.”

The partnership is being launched with a free seminar entitled ‘Accountancy In The Cloud‘ at Google Campus, Bonhill Street, London on Thursday 18 July. The event is especially for startup businesses and takes place from 6.30pm to 9:30pm. There is no need to register in advance, so you can just turn up.

Crunch offers a unique package combining phone advice from a team of expert accountants with easy-to-use online accounting software for a fixed monthly fee. It was founded by online entrepreneur Darren Fell, with investment from Bebo’s co-founder Paul Birch and former Skype Chairman Michael van Swaaij.

iomart Group News









iomart support widens pupil participation in University of Strathclyde Business Challenge

Posted on July 23, 2013


iomart Group sponsors innovative summer learning programme

Jan-McGhie-(far-L)-and-the-pupils-taking-part-in-the-iomart-sponsored-S@S-Business-Challenge1

iomart Group plc has helped a significant number of pupils to attend a learning programme run by the University of Strathclyde that helps widen access to higher education for teenagers from disadvantaged backgrounds.

Almost 120 pupils from secondary schools across Scotland have taken part in the University of Strathclyde’s S@S Accelerate Business & Enterprise Challenge since it was launched in 2009.

Bellshill Academy, Inverclyde Academy and Larkhall Academy are among the schools taking part in this year’s programme. During the five-day event, the pupils have the task of rebranding a well-known Scottish town and will present their results to a panel of industry and university experts. The sponsorship of iomart has enabled around 40 pupils to attend.

Iain Mitchell from the Innovative Routes to Learning (IRL) centre at the University of Strathclyde said: “We are delighted that iomart has pledged its support and that we are able to offer a significant number of places to pupils from schools with lower Higher Education participation rates”

Phil Worms, Director of Marketing for iomart Group, said: “As a company, it’s important that we support closer collaboration between higher education and our industry and encourage children to be confident about the learning and career choices they make.”

Jan McGhie, IRL’s Business Challenge Leader said: “We’re really delighted that iomart has supported us this year because the young people who take part do show significant improvements in their attitude to their existing academic ability. This gives them the confidence to undertake a university degree as a result.”

The University of Stratchclyde’s S@S Accelerate programme – which includes 13 separate subject areas – is particularly successful in engaging pupils from schools where participation in higher education is below the national average. In 2012, 57% of the 247 participants came from schools where Higher Education progression was below the national average.

The University of Strathclyde was named UK University of the Year in the 2012 Times Higher Education Awards. iomart Group plc is one of the UK’s leading providers of cloud and managed hosting services. Among its clients in the education sector is online learning provider ufi/learndirect.
---------------------------------------------------------------------------------------------



RapidSwitch dedicated hosting supports Xbox gamers social network boom

Posted on July 24, 2013


trueachievementsTrueAchievements celebrates 5th birthday with beta PlayStation network launch

RapidSwitch, the leading supplier of self-managed dedicated servers and part of iomart Group plc, has helped a social network for the Xbox gaming community hit huge visitor numbers on its fifth birthday.

TrueAchievements provides a more skill-related scoring method for Xbox games by re-calculating Xbox Live GamerScores using a formula related to the difficulty of the achievements that have been won. It gets 850,000 unique visitors a month and almost 20 million monthly page views.

TrueAchievements is hosted by RapidSwitch in its Maidenhead datacentre. It has grown from a single colocated 1U server to three leased servers, including one ‘behemoth’ created by the RapidSwitch technical team which has Dual Intel Xeon Hex-Core L5640; 128GB Memory; and 8 x 2.5″ 600GB 10k Hard Drives in RAID 10.

Rich Stone, developer of TrueAchievements, said: “The site now runs like a rocket. Number crunching jobs that were taking upwards of 14 hours to complete are now done and dusted in under two!”

Neil Christie, Commercial Director for RapidSwitch, explains, “RapidSwitch provides the bandwidth, low latency network and bespoke technical support that has helped TrueAchievements become the go-to Xbox community site. The site is online at all times, the hardware can withstand the huge demands placed upon it and most important of all, Rich and the TrueAchievements team know that we are there to support them as they grow.”

Rich Stone now has a PlayStation version of the site called TrueTrophies.com in beta and will be expanding his RapidSwitch infrastructure to cope with its expected popularity.

He said: “Launching a site with this much functionality is unprecedented in gaming. We’re in the process of testing everything thoroughly before we take the PlayStation world by storm!”