MSP moves up 100 places in rankings of the UK’s fastest growing privately-owned businesses in the mid-market
Managed services provider Claranet has achieved the rank of 69th in The Sunday Times International Track 200 for 2018. Published on Sunday 10th June, the league table ranks the 200 privately owned companies in Britain with the fastest-growing international sales. This placement marks a significant improvement from last year when Claranet appeared in 170th spot, and complements the company's appearance in the Sunday Times Top Track 250 in October 2017.
In the financial year ending 30th June 2017 Claranet’s revenues grew by a further 42 per cent, driven largely by the organisation's acquisition strategy, maintaining its position as one of the leading providers of managed services in Europe. Claranet currently delivers cloud, network, communications and security services to over 6,500 customers across seven countries in Europe and Brazil.
The company's emphasis on rapid expansion has remained very much in full flow this year, with Claranet acquiring UK-based infrastructure and cloud specialist Union Solutions in May 2018, and revenue growth in the financial year ending 30th June 2018 expected to be close to 50 per cent. The acquisition strategy has gone a long way towards further consolidating Claranet's presence in its established regions by significantly expanding its service portfolio and multi-cloud expertise.
Acquisitions, alongside organic growth, have seen Claranet's revenues grow significantly, with company revenues for the 2017 fiscal year being £216.5 million, up from £152.5 million the previous year, earning the company a place among the UK's fastest growing mid-market businesses.
Charles Nasser, founder and CEO of Claranet, commented:
The IT services industry remains one of the most vital and dynamic facets of UK business. This last year has seen us maintain our consistent growth, staying true to our philosophy of incremental development through organic expansion and strategic acquisitions. We're delighted to have moved up the rankings in the International Track 200, which is testament to the continued progress we have made both in the UK and abroad. We work in rapidly changing fields including public cloud and security, and have worked hard to support our customers and help them get the most out of new technologies, becoming a leading expert in a wide range of IT services.
"Although we have grown in size, our focus has always remained on developing the close, trusted relationships that our customers need to succeed in the long term."