OM expands global services business with Hostmark acquisition

OM expands global services business with Hostmark acquisition

Stockholm-based technology vendor OM has acquired the data centre operations and staff of Hostmark, the Swedish subsidiary of WorldPort Incorporated, as it steps up its campaign to become a major player in the facilities management market. Financial terms were not disclosed.

Hostmark's operations consist of operating and hosting business critical systems from a 10,000 squared metre data centre outside Stockholm. Under the agreement, the data centre will be integrated with OM's newly-formed global services division, handling facility management and hosting of systems for companies within financial and energy markets.

OM's global services business has 250 employees located in operations in Stockholm, London, New York and Sydney. The division operates 13 exchanges for customers worldwide, most recently signing Sydney Futures Exchange for the outsourced operation and development of a new system for SFE's financial clearing services.

The company says the Hostmark investment is expected to have a positive impact on results in 2002.

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