Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Iomart pours £2.0m into next-gen routing technology

Wed, 17th Mar 2021 09:36

(Sharecast News) - Cloud computing company Iomart said on Wednesday that it had made plans to majorly expand its network capacity in order to see future demand.
Iomart said it had invested nearly £2.0m into next-generation core routing technology from Cisco, which will provide 100gb capacity on its network with the ability to scale to 400gb.

As a result, Iomart said its customers would benefit from "faster, even more reliable connections" to support their data and applications.

The AIM-listed firm highlighted that the investment followed "a noticeable increase" in internet traffic due to Covid-19, with Iomart committed to increasing its ability as a service provider in order to anticipate future demand.

Chief executive Reece Donovan said: "This is a significant investment that supports our growth strategy and underlines our commitment to provide businesses with the services they need to support their future operations.

"The investment ensures our customers will have the ability to deliver content and services faster than ever and without disruption."

As of 0935 GMT, Iomart shares were up 0.46% at 327.50p.

Related Shares

More News
11 Apr 2024 15:47

Iomart flags decent results, warns of lower-than-expected renewals

(Sharecast News) - Secure cloud service provider Iomart said in an update on Thursday that, despite a challenging economic environment, it expected to...

11 Apr 2024 10:46

Iomart on track to meet annual profit and revenue expectations

(Alliance News) - Iomart Group PLC on Thursday said it will meet its annual earnings targets, which includes a double-digit boost in revenue, thanks t...

23 Feb 2024 09:19

LONDON BROKER RATINGS: Barclays raises Breedon but cuts Domino's Pizza

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

19 Jan 2024 15:35

UK dividends calendar - next 7 days

28 Dec 2023 15:54

UK dividends calendar - next 7 days

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.