Feeds

Iomart posts maiden profit

Congrats

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

Iomart - the Glasgow-based security and web services outfit - has notched up its maiden profit.

For the six months to the end of September Iomart increased revenues by 121 per cent as turnover hit £6.4m helping it generate a profit of £167,000.

The business-focused internet business now has 190,000 customers - 140,000 of which come from its acquisition of web host outfit Easyspace for £10.5m in September. Iomart reports it is adding more than 1,700 new punters each month.

Small and medium-sized businesses (SMEs) continue to snap up Iomart's NetIntelligence security product, prompted by offers such as free broadband for a year, which it announced earlier this month.

Iomart has also recently launched a NetIntelligence product for the home aimed at families that use broadband. The company is looking to flog the product direct to ISP and telcos.

Said chief exec Angus MacSween: "The first half of the year has been rewarding with the successful acquisition of Easyspace and continuing organic sales growth in our web services business. We are adding more than 1,700 net new customers per month and now have 190,000 customers including around 140,000 from the Easyspace acquisition." ®

Related stories

Iomart offers free broadband
Iomart swallows Easyspace for £10.5m
Namesco buys Simply.com
The Great ISP Buyout

Beginner's guide to SSL certificates

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

Free virtual appliance for wire data analytics
The ExtraHop Discovery Edition is a free virtual appliance will help you to discover the performance of your applications across the network, web, VDI, database, and storage tiers.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.