(The Hosting News) – Hosting brand provider iomart Group on Tuesday announced its acquisition of Backup Technology for $37 million USD, a move that makes it the company’s largest purchase yet.
Backup Technology, otherwise known as “BTL,” covers 200 enterprise clients with petabyte protection.
“We are delighted to welcome BTL to the Group as they have achieved ground breaking progress in the delivery of cloud backup and disaster recovery and have been on our radar for some time. BTL gives iomart a solid and well-established platform to grow further from, with a very good enterprise customer base and little crossover from the existing Group base. It’s a very good strategic fit, complementing our portfolio of existing products,” commented iomart Group CEO Angus MacSween via a press release.
BTL founder and owner Simon Chappell will leave the company following the move, but called the purchase a “really exciting moment for BTL.”
iomart Group’s other hosting brands include the likes of Easyspace, RapidSwitch, Melbourne Hosting, iomart Hosting and Redstation.