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New Deal


Announced

iomart Group to acquire Accesspoint Technologies for £6.4m.

Financials

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Transaction Value£6m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

IT Services: Other

it consultancy

Acquisition

Domestic

Majority

Private

Pending

Friendly

Single Bidder

Synopsis

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iomart Group, a cloud hosting platform that designs, delivers, and manages any cloud platform to meet specific business objectives, agreed to acquire Accesspoint Technologies, an independent legal IT consultancy that provides solutions and manages cloud and utility computing platforms, for £6.4m. “The flow of sensitive data and drive to adopt technology to provide enhanced customer service within the legal sector means that data management, security and data sovereignty are all pressing considerations for legal firms and ones in which iomart and Accesspoint excel. We are delighted to welcome Accesspoint’s growing list of customers into the iomart Group and excited to be working with the full team to further advance iomart’s differentiation in this sector and positively contribute to the Group’s overall organic growth plans,” Lucy Dimes, iomart Group CEO.

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