London MSP Claranet has delivered near 50 per cent growth in the 2018 financial year.
CEO Charles Nasser described as an “exceptional” year with the EBITDA for Claranet’s financial year ending 30 June 2018 increased by 29 per cent to £50 million on revenues that soared by 49 per cent, totalling £321.6 million.
The growth appears to be due to both organic growth and acquisitions. The MSP bought UK security firm Sec-1, French DevOps outfit Oxalide and €95 million turnover Portuguese VAR ITEN Solutions.
CEO Charles Nasser claims it has been an “exceptional” year of growth for Claranet.
“The growth that we have seen over the past financial year is exceptional. This is a result of the progress we’ve made to consolidate our presence in the markets in which we operate and strengthen our service portfolio. Claranet continues to innovate and the investments we have made in our capabilities, staff, and partners over the past year will ensure that we can continue to design, migrate, run, and support our customers’ broad range of infrastructure and applications on any public, private, or hybrid cloud environment”, he said.
“This is a key differentiator for the business and will enable us to continue to help our customers to get the best out of cloud services.
“Our strategy has also seen us make significant in-roads into the rapidly growing IT security market, which we believe is a huge opportunity for the business. By combining the ethical hacking, penetration testing, managed security services, and training expertise of Sec-1 and NotSoSecure in our dedicated Cyber Security unit, we have a strong platform on which we can pursue further growth and break into new markets.”
