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iomart (AIM:IOM) – nice little acquisition, but all eyes on tomorrow’s numbers

01/12/2015 · iomart Group PLC (IOM) 

The cloud hosting company which, according to its web site, sells “peace of mind” has announced a neat little acquisition of a provider of shared hosting services and domains that is immediately earnings enhancing.

The Group has acquired United Communications Limited (trading as “United Hosting”) for a total consideration of up to £11.0m. £7.5m is to be settled in cash on completion and a further amount of £3.5m is contingent on United Hosting achieving agreed EBIT performance targets in years to April 2016 and 2017.

United Hosting was founded in 1998 and provides managed, dedicated and shared hosting services and…

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