Cloud computing at center of latest technology acquisition
October 3, 2013
Grazed from MergerTech. Author: Editorial Staff.
With more companies relying on cloud computing for everything from daily operations to storage and backup planning, it is essential that businesses in those areas can offer clients the very best. A recent technology acquisition could help businesses operating in this space.
The iomart Group announced this week that it will acquire Backup Technology for $37 million. The latter company is a cloud backup and disaster recovery services provider. According to its website, iomart is one of Europe’s largest cloud computing providers…
Citing data from a Spiceworks survey, a Web Host Industry Review article explained that cloud backup has been adopted by 30 percent of IT professionals in EMEA and North America. Additionally, 13 percent of companies plan to implement the technology within the next six months…
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