Thu, 02 Dec 2010 | BUSINESS NEWS
Following the acquisition of one of its competitors, Glasgow-based IT firm, Iomart, has doubled its pre-tax half year profits.
Earlier this year, the web-hosting firm acquired rival Titan Internet for £4.2 million, after seeing a rise in client demand for cloud hosting solutions.
The purchase saw Iomart take control of more than 1,000 servers previously operated by Titan, pushing profits to £1.16 million from £517,000 last year.
Since the acquisition, Iomart has won more than 200 new orders and has grown the 'size and quality' of its customer base, according to chief executive Angus McSween.
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