Revenue: £115.6m (+12%)
Headcount: 445
Iomart’s electricity bill rocketed by £7m in its year to 31 March 2023, CEO Reece Donovan noted as he unveiled an 12% annual revenue improvement. The uplift came from a mix of organic cloud growth, inflationary pricing adjustments, and August 2022 acquisition Concepta. The AIM-listed, Glasgow-based hybrid cloud and managed services specialist remained on the M&A trail in 2023, gobbling Azure specialist Extrinsica in June and hosting outfit Accesspoint in December.
Oxygen ice-breaker: Iomart’s 12 UK datacentres are connected with 2,500km of private network infrastructure.
