Acquisition of Extrinsica Global Holdings Limited by iomart group plc

iomart Group plc, the cloud computing and IT Managed Services provider, acquired Extrinsica Global Holdings for an initial enterprise value of £8m. Extrinsica is a Microsoft Azure Cloud solution services provider. The acquisition provides iomart with deep Microsoft Azure expertise and aligns with iomart’s secure hybrid cloud strategy and adds 33 UK based employees.

BDO provided financial and tax due diligence services to iomart group plc in support of the transaction.