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Posted on December 5, 2017 by staff

eCommerce hosting firm Sonassi acquired

eCommerce hosting firm Sonassi acquired

Sonassi specialises in eCommerce websites
Sonassi specialises in eCommerce websites

Sonassi, the eCommerce hosting specialist, has been acquired in a multimillion-pound deal by AIM-listed cloud computing company iomart.

Sonassi was founded by entrepreneur Benjamin Lessani in 2008. The Salford Quays-based company specialises in eCommerce websites, particularly Magento and Oro Commerce sites.

The firm’s customers include international brands, UK high street retailers and a range of fashion websites.

“We believe eCommerce is an area of the market which provides a good opportunity for future growth and we plan to use the acquisition of both of these operations to firmly establish iomart as a provider of choice in this significant market sector,” said iomart CEO Angus MacSween.

Lessani said: “As part of iomart we will have access to the best infrastructure, connectivity, and skillset there is. It’s a very exciting move for us and we’re looking forward to working with Angus and his team to create a market-leading eCommerce hosting division.”

The deal involves an initial payment of £10m in cash, with a further £1m subject to the completion of a software development project and a final sum of up to £5.5m dependent on Sonassi’s profitability in the financial year to July 2018.

The transaction was announced alongside iomart’s half-year financial results for the six months to 30 September 2017.

The company reported revenue growth of 12 per cent to £47m and a 9 per cent increase in adjusted pre-tax profit £11.6m.