Managed hosting player iomart has released a pre-close trading update to cover its FY2012 (which runs to end of this month). The Glasgow-based company says it has “delivered strong organic growth as well as good performances from the acquired businesses”. Indeed performance has been "ahead of market consensus". iomart shares are up 7% in early trading this morning.
So it sounds like business as usual at iomart, following its strong showing in the first half (see iomart: growth and profits boosted by M&A). The company is playing in a growing market - mid-market managed hosting and cloud - and is pursuing a shrewd and sustainable organic + inorganic strategy to exploit both that growth and its increasing presence in a fragmented market. Expect further bite-sized acquisitions, and full year results at the end of May.