Iomart is targeting bigger-ticket acquisitions in the future as chief executive Lucy Dimes looks to further boost the cloud computing provider’s revenue growth.
Posting record revenues for the 12 months to the end of March, Iomart said it remains confident in its long-term prospects as the increasing complexity of the technical landscape bolsters demand for service partners among small and medium-sized businesses. 增长 efforts will be focused on its biggest division, 云管理服务, which also incudes data protection and cybersecurity.
“The plan is to sell more and to buy more, and to buy bigger,” Ms Dimes said. “Bigger, better, bolder is our mantra, so bolder M&A.
“我们所说的更大胆的M&A is the last couple of acquisitions we’ve done have averaged about £7m in revenue, [and] if you look at all 24 over the last 10 years it’s been £7m to £10m in revenue, so bigger than that would be £10m or £20m revenue.”
Acquisitions accounted for nearly £9m of additional revenues from 云管理服务, 这是沃尔玛最大的部门, which expanded by a total of 17% last year to £75.2m. Overall revenues were 10% higher at £127m.
Adjusted pre-tax profit grew by a more modest 1% to £15m as the company was hit by higher interest rate changes on debts that stood at £42.300万美元. 然而, chief financial officer Scott Cunningham said Iomart still has “plenty of firepower” to execute on its growth strategy.
“There’s some good opportunities out there so I guess we would be surprised if we didn’t do another acquisition before the end of the calendar year,他补充道.
Asked about the prospects for acquisitions, Ms Dimes said: “It’s traditionally quite a fragmented market – there’s lots of founder-led businesses that are in that sub-£10m area.
“There’s also a lot of…private equity money that hasn’t yet been spent, so you’re always going to be competing with those investors, but the overall multiples have come down a lot over the last couple of years which is a good thing for 公司 像我们这样的.”
展望未来, Iomart said growth will be more weighted to the second half in the coming year due to industry changes in VMware licensing and inflation-driven cost increases.
该公司, which has 12 data centres connected by a 2,500公里的光纤网络, also announced the appointment Richard Last as its new chairman.
Ms Dimes has held the post of both chair and chief executive at Iomart since September 2023, when former CEO Reece Donovan – who largely steered the company through Covid and its aftermath – stepped down suddenly.
Mr Last has extensive experience across quoted and private 公司 in the technology services sector. During the past six years he has held chair positions at Hyve Group, γ通信, Arcontech Group and Servelec Group.
在担任主席一职时, I was impressed by the leading position Iomart has established in the cloud services marketplace, the strength of its customer relationships and the talent across the team,Last先生说.
“I am very much looking forward to working with the board to leverage these strong foundations and support the group in realising its growth ambitions.”
Ms Dimes added: “Since I took on the dual role of chair and CEO in September 2023 we have been running a diligent process for a new chair, and we are delighted to have attracted such an experienced and knowledgeable individual as Richard.
他在M的丰富经验&A and growing many successful technology sector leaders will be a great asset as we drive forward the execution of our growth strategy.”
来源: 《博天堂入口》