The Register® — Biting the hand that feeds IT

Centrica buys iomart broadband ops

iomart out of telco biz

Free webcast: Service level monitoring and management

Scottish ISP iomart has sold its broadband business to Centrica for £2 million.

The company's support centre in Stornoway, 40 staff and 2,750 customers will be transferred to Centrica as part of the deal.

In return Centrica - which trades under the brands of the AA, British Gas/Scottish Gas, Goldfish and One.Tel - picks up a business with estimated revenues of £1.9 million last year against losses of £1.6 million.

iomart is expected to use the cash to accelerate development and marketing of its NetIntelligence security product.

No-one from the company was available for comment by press time but in a statement iomart CEO Angus MacSween said; "This completes the withdrawal of iomart from telco and infrastructure related products and facilitates focus on the new strategy concentrating on the NetIntelligence suite of products."

In May iomart flogged its customer-facing dial-up ISP Madasafish to an unnamed buyer. ®

Related Story

Iomart sells Madasafish

Free webcast: Service level monitoring and management

Sign up, sign up for The Register's weekly mobile & wireless newsletter - click here

Don’t Miss

DustbinDirty, dirty PCs: The X-rated picture guide

Ventblockers Horror beyond human imagination

SC09Top 500 supers - rise of the Linux quad-cores

SC09 Jaguar munches Roadrunner

Ubuntu teaser Early adopters bloodied by Ubuntu's Karmic Koala

Smooth Windows upgrade it ain't

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes