back to article Iomart snaps up SystemsUp for a cool £9m

Glasgow-based cloud outfit Iomart has snapped up London-based IT consultancy biz SystemsUp for a cool £9m. SystemsUp is a G-Cloud partner to Google, Amazon Web Services and Microsoft. Its turnover in the twelve months to 31 March 2015 was £4m, with profit before tax of £1.5m. A further payment of between £1m-£3.5m will be …

  1. Anonymous Coward
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    Clever name

    I must say I rather like the name, Iomart. Techies will read it as "I/O Mart" while as it is Scottish, it plays on the Gaelic word iomairt, meaning enterprise.

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