Iomart Group Plc Finance Director Chosen As One Of Top 20 FDs Working In TMT Sector

iomart Group plc (AIM:IOM) finance director Richard Logan has been chosen as one of the top 20 FDs working in the TMT (Technology, Media and Telecommunications) sector.

He was the only Scottish FD honoured in the inaugural BDO Hot 20 FDs in TMT awards, which saw FDs and CFOs nominated across the country by CEO’s, banks, lawyers, private equity houses and media influencers. The Hot 20 was decided by a judging panel of partners from accountancy and business advisory firm BDO, Sara White of Accountancy magazine and Christian Young of Smedvig Capital.

The report by BDO praises Richard Logan’s six year tenure at iomart Group plc as “outstanding” and describes him as being “instrumental in delivering exceptional growth.”  

Neil McGill at accountancy and business advisory firm BDO LLP in Glasgow, said:  “Our search to find the TMT sector’s elite revealed many inspiring FDs.  To be named in the top 20 is a real accolade.

 “Like iomart’s Richard Logan, the very best have a distinct role in shaping a company’s strategy.  They are a far cry from being ‘yes men’ to CEO’s or investors.  Their financial acumen and ability to know when to take a risk, combined with their overriding passion for their sector and desire for their companies to succeed, makes them some of the most impressive business leaders around.”

Angus MacSween, CEO of iomart Group plc, commented: “Richard’s astute financial judgement and his understanding of the technology sector has been a major factor in iomart’s successful strategy of acquisitive and organic growth. He thoroughly deserves this recognition.”

For more information about the Hot 20 FD’s in TMT, you can download the report here.  Nominations for the 2013 awards are now open.

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For more information please contact:

Jane Robertson

PR Manager

iomart Group plc

jane.robertson@iomart.com

Tel: 0141 931 6400

Twitter: @iomartgroup

Notes for editors:

About BDO

BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members' names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU.  BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business.

The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was €4.06 billion in 2011. The global network provides business advisory services in 135 countries, with almost 48,800 people working out of 1,118 offices, worldwide.

BDO is the brand name for the BDO International network and for each of the BDO Member Firms.

BDO LLP has a clear ambition to be the firm known in the market for exceptional service delivered by empowered people. The 2011/12 Mid Market Monitor analysis – completed in April 2012 – shows that BDO has now indeed become market leader for client satisfaction – outperforming all its major competitors and the only organisation to see an improvement over the past three years.

About iomart Group plc:

iomart Group plc (AIM:IOM) is one of the UK’s leading providers of managed hosting and cloud computing services. From a single server through to private cloud networks, iomart specialises in the delivery and management of mission-critical hosting services, enabling customers to reduce the costs, complexity and risks associated with maintaining their own web and online applications.

By physically owning and managing its own global network infrastructure, iomart offers world-beating levels of service to its customers. The Group offers a unique 100% uptime guarantee with all hosting services being engineered to ensure no single point of failure.

iomart Group operates in its chosen markets through a number of subsidiaries: iomart Hosting, Easyspace, EQSN, Melbourne Hosting, RapidSwitch, and Westcoastcloud. The group has been listed on the London Stock Exchange's Alternative Investment Market (AIM) since April 2000.  For more information about iomart Group plc visit www.iomart.com