One iota sold for £5.4m

Rossendale-based e-commerce firm One iota has been bought by the Sanderson Group for £5.4m.

Now the company has been purchased by IT group Sanderson, which is based in Coventry and employs around 30 staff at its manufacturing base in Sheffield.

One iota was founded by former 2ergo employees Damian Hanson, who has a 32.5% share in the company and David Hague, who has a 27.5% share, with the remaining 40% split between 2ergo founder Barry Sharples and Neale Graham, who were early seed investors in the company.