Metaphor headed for £10 million revenues

PF-loadsamoney_2177214kMetaphor IT is confident that it is going to break the £10 million barrier within the next three years.

Founder Richard Callis expects the company to generate a turnover of £7 million by the end of its current financial year on 31 March 2019 and to hit the magical 10 million barrier it will use a combination of acquisitions and organic growth.

Acquisitions have been a critical part of Metaphor IT’s growth so far but the company has not found any which are the right fit, yet.

Metaphor has Rackspace, Citrix and Microsoft among its vendor partners acquired in September 2016, with the purchase of Surrey-based Teagen, but Callis admitted that it will acquire only companies that meet a set of rules.

Acquisition targets must fit in with Metaphor’s existing three pillars of cloud and virtualisation, security, and managed services, and must have revenues of £5m or below, he said.