iomart Group has acquired Redstation, a provider of dedicated servers and managed hosting services.
The UK-based cloud hosting leader will pay up to £8.1 million / USD $12.4 million depending on Redstation’s ability to hit profit targets by March 2014.
Angus MacSween, CEO of iomart Group plc, adds: “The addition of Redstation will consolidate our position as the leading player in the dedicated server market in the UK. Redstation’s customers deliver a wide variety of cloud applications and services so this acquisition further underpins iomart’s position as the main provider of the complex infrastructure required by UK businesses to support the cloud environment.”
Redstation, which serves 3,000 UK Web hosting customers from its two data centres and offices in Gosport, Hampshire, reported revenues of £5.2 million for the year ended June 30.
