Claranet makes a significant leap on The Sunday Times Top Track 250 for the second year running to reach 45th place

October 7, 2019 Claranet Limited

Claranet climbs 78 places in 2019 through organic growth, cementing their position among Britain’s fastest-growing privately-owned businesses.

Technology services provider Claranet has achieved the rank of 45th place in The Sunday Times Top Track 250 for 2019, rising 78 places from last year and 133 places since 2017. Published yesterday, Sunday 6th October, the league table ranks the fastest-growing privately-owned businesses in the UK. Claranet’s placement in the league table for the third year in a row comes during a sustained period of growth.

Established in the UK in 1996, Claranet has developed via acquisition and organic growth to become one of the leading providers of integrated Hybrid Cloud, Networks, Managed Cyber Security, and Unified Communications services to over 6,500 customers across multiple countries (UK, US, France, Germany, Italy, Spain, Portugal, Benelux, and Brazil). Claranet supports these customers through a wide range of IT managed services, professional services, and training.

This year Claranet’s international growth strategy has delivered a £49 million revenue increase (up 15% on its previous financial year) to £373m. This follows moves to consolidate the company’s portfolio of services and capabilities following key acquisitions in 2017 and 2018.

Charles Nasser, founder and CEO of Claranet, commented:

Our mainly organic growth this year is due to our wider portfolio of services, international presence, and our credibility to deliver for our customers. This has resulted in Claranet becoming increasingly relevant to new mid-market, large, and enterprise customers and we have invested in staff, technology, and key strategic partnerships throughout the year to deliver this successful growth in revenue and gross profit.”

For example, a new portfolio of services we have focused on is Managed Cyber Security, which is a significant business requirement for all of our customers and an area where we have developed considerable expertise. This follows the acquisition of global ethical hacking training and penetration testing experts, NotSoSecure, last year and the acquisition of Sec-1 in the UK in 2017.”

Further consolidation opportunities continue to be found in many of the countries in which Claranet operates. Two examples are the 2018 acquisitions of Xpeppers (AWS experts in Italy) and Quinfox (Hosting experts in the Netherlands). Throughout 2019 the focus has been on establishing the continuous development of capability across the Group.

Nasser continued:

Despite our growth, we remain committed to developing the close, lasting relationships that our customers need to modernise their businesses, succeed in the long term, and achieve their own market-leading results. Our priority is always to become a trusted partner.”

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