Cloud computing company Iomart appoints former PwC partner as director


Iomart, the Glasgow-based cloud computing company, has appointed former PwC partner Karyn Lamont as a non-executive director.

Lamont, who was an audit partner at the accountancy group, has over 25 years of experience across the UK’s financial services sector.

Iomart chairman Ian Steele said: “I am confident that Karyn’s background and experience will be an invaluable asset and support to the company over the coming years as we progress our growth strategy.”

Lamont is also the audit committee chairman of The Scottish Investment Trust plc, The North American Income Trust and the Scottish Building Society.

In December Iomart said it continued to see opportunities to fuel growth through acquisitions as it homes in on an £100 million annual sales target.

The company, which has made a string of acquisitions in recent years, reported a strong first half of the year and said it remains committed to boosting growth through further deals.

Sales in the six months to 30 September grew by 8% to £50.9 million.  Statutory pre-tax profits fell to £7.3 million from £7.8 million due in part to better than expected performance from previous acquisitions which led to higher payments being triggered. Underlying profit before tax was up by 7%, to £12.4 million.



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