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IOM Iomart Group Plc

140.00
0.00 (0.00%)
Last Updated: 09:45:45
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Iomart Group Plc LSE:IOM London Ordinary Share GB0004281639 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 140.00 140.00 144.50 873 09:45:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Services, Nec 115.64M 7M 0.0624 22.44 156.89M

iomart Group Makes Multi-million Pound Investment in Data Centre Fibre Network

17/10/2012 9:33am

PR Newswire (US)


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iomart Group Makes Multi-million Pound Investment in Data Centre Fibre Network

LONDON, October 17, 2012 /PRNewswire/ --

Geo Networks creates dedicated super-fast fibre network for UK cloud computing company

Leading cloud computing company iomart Group plc has today announced a multi-million pound investment in a new optical fibre network that will provide its customers with the fastest connectivity and transit of data between its data centres and the main UK Internet exchanges.

iomart Group plc (AIM:IOM) has entered into a 10-year agreement with Geo Networks Ltd (Geo) to deliver high-capacity fibre connectivity into its six UK data centre locations. The new fibre network means that iomart will no longer rely on routing customers' connectivity via multiple providers, giving it total control over its own network.

Angus MacSween, CEO, iomart Group plc, said: "We are investing millions of pounds over the next decade to give iomart one of the fastest and most resilient fibre networks of any cloud computing company in the UK. Customers on our network will have the fastest connections, allowing them to move huge amounts of data at the highest speeds wherever they are located. It allows us to take our network right up to our customers' doors which is of huge benefit to organisations wanting secure, private cloud environments."

The new fibre network will provide a 1,860-kilometre business critical fibre superhighway linking iomart's six data centre locations in London, Glasgow, Manchester, Maidenhead, Nottingham and Leicester. Connectivity between iomart Group's Glasgow and London data centres will be four times faster than the current industry average.

Angus MacSween added: "This will significantly increase our current capacity and national reach, ensuring that we can provide customers with unlimited bandwidth and greater reliability and security, increasing their capability and potential to grow."

Chris Smedley, Chief Executive of Geo commented, "Geo's business is all about providing dedicated fibre private network solutions to high-growth businesses like iomart. These high-performance networks give our customers scalability, security, speed of deployment and control and are the ideal solution for market-leading cloud computing and hosting businesses. We welcome iomart to our growing customer base and are confident that its customers will be delighted with the services they receive over this new fibre network."

A video explaining the benefits of the new network in more detail is available at http://youtu.be/ursRK7XGGBk

For more information please contact:
Jane Robertson
PR Manager
iomart Group plc
jane.robertson@iomart.com
Tel: +44(0)7827-948-993
Twitter: @iomartgroup

For Geo, Caroline Beer,
geoPRteam@metia.com
+44(0)20-3100-3796

Copyright 2012 PR Newswire

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