Technology services provider moves up to 38th place in rankings of the UK’s fastest growing privately-owned businesses in the mid-market
Technology services provider Claranet has been ranked 38th in The Sunday Times International Track 200 for 2019. Published on Sunday 10th February, the league table ranks the 200 privately owned companies in Britain with the fastest-growing international sales over the last two years. This placement marks a third straight year of improvement, with Claranet appearing in 69th spot last year and 170th spot in 2017, and complements the company’s third consecutive appearance in the Sunday Times Top Track 250 in October 2018.
In the financial year ending 30th June 2018, Claranet’s turnover grew by 49 per cent, further cementing the company’s position as one of the leading providers of technology services across Europe. Claranet currently delivers hybrid-cloud, network, communications and cyber security services to over 6,500 customers across nine countries in Europe, Brazil and most recently the US.
The company’s emphasis on sustained expansion has seen Claranet make three further acquisitions since July 2018. These include NotSoSecure, one of the world’s most respected security training and penetration testing firms, Italian DevOps specialist Xpeppers, and Dutch IT services provider Quinfox. The continuation of this strategy has been instrumental in further growing Claranet’s presence in its established and new regions, and helping the company evolve its portfolio and access to new customers.
Acquisitions, alongside organic growth, have seen Claranet’s revenues continue to grow significantly, with first quarter run rate revenue in FY19 standing at £350 million per year. This means Claranet is set to retain its position as one of the fastest growing UK businesses in its market.
Charles Nasser, founder and CEO of Claranet, commented:
The growth that we have seen over the course of the past year has been exceptional, and has come as a result of the progress we’ve made to consolidate our presence in the markets in which we operate and strengthen our service portfolio. We’re thrilled to have moved up the rankings in the International Track 200 once again, which is testament to our continued focus on innovation and the investments we have made in our capabilities, staff and partners."
We’re now a leading expert in a wide range of IT services, closely supporting our customers and making sure they maximise the potential of new technologies. The formation of our cyber security unit is a prime example of this: combining the ethical hacking, penetration testing, managed security services and training expertise of Sec-1 and NotSoSecure has enabled us to make inroads into the rapidly growing IT security market, alongside all of our other capabilities."
We’re looking forward to maintaining our emphasis on working closely with our customers, developing the collaborative, trusted relationships that are so important to their success in the long term."