Cloud host iomart buys scottish hosting provider eqsn for http://www.benjharvey.com/ Related topics:Cloud computing, europe, mergers and acquisitions Cloud hosting provider iomart group announced on thursday it has acquired scottish hosting provider eqsn for $3.8 million in cash. According to the terms of the deal, $3.5 million will be payable at completion and a deferred consideration of up to $0.38 million based on the successful integration of the operations of ESQN into the Group. The acquisition will be financed jointly from iomart sheet and through a drawdown of $1.54 million from the company http://www.benjharvey.com/blog/ bank loan, according to the press release. Headquartered in glasgow, eqsn provides managed hosting solutions to a range of clients across all major sectors of industry including banking and finance, manufacturing, social networking, local central gover ... Read more »