IOMART, the cloud computing specialist, has pulled out of the running for German company PlusServer GmbH.

Glasgow-based Iomart revealed in June that it was one of several companies which had been holding talks over the potential acquisition of the business. PlusServer is based in Cologne and serves more than 5,000 customers from ten date centres, seven in Germany and the others in Austria and Switzerland.

But Iomart told the stock market last night that it is “no longer in discussions” over a possible deal.