M&A Deal Summary

iomart Group Acquires Backup Technology

On September 30, 2013, iomart Group acquired information technology company Backup Technology for 23M GBP

Acquisition Highlights
  • This is iomart Group’s 1st transaction in the Information Technology sector.
  • This is iomart Group’s 0th largest (disclosed) transaction.
  • This is iomart Group’s 8th transaction in the United Kingdom.

M&A Deal Summary
Date 2013-09-30
Target Backup Technology
Sector Information Technology
Buyer(s) iomart Group
Deal Type Add-on Acquisition
Deal Value 23M GBP
Advisor(s) Livingstone Partners LLP (Financial)
Pinsent Masons (Legal)

Target

Backup Technology

Leeds, United Kingdom
Backup Technology Ltd. is a provider of cloud backup and disaster recovery services for UK’s brands.

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Buyer(S) 1

Buyer

iomart Group

Glasgow, United Kingdom
Category Company
Founded 1998
Sector Technology Hardware
Employees400
Revenue 116M GBP (2023)
DESCRIPTION

iomart Group is a provider of building an extensive Cloud-capable, global network, specifically aimed at the enterprise. iomart Group was founded in 1998 and is based in Glasgow, the United Kingdom.

DEAL STATS #
Overall 8 of 11
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 7 of 10
Country (United Kingdom) 8 of 11
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Redstation

Gosport, United Kingdom

Redstation Ltd. is a provider of dedicated servers and managed services. Redstation owns and operates two data centres and offices in Gosport, Hampshire and provides a range of hosting services to around 3000 customers.

Buy £8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 ServerSpace

London, United Kingdom

ServerSpace Ltd. is a provider of cloud hosting and managed services.

Buy £4M
Mergr

Product

Company

Legal