Cloud Fuels Fast Growth for Hosting Firm
Article date: Tue, 03 Feb 2015 17:33 GMT
The skyrocketing popularity of cloud computing has led to an impressive year of growth at Manchester hosting firm UKFast.
In the year ending December 2014, the cloud and colocation provider saw revenues jump 24 per cent, meaning that the firm has more than trebled its revenue in the past five years, in part due to the surge in demand for its high availability eCloud® hosting range and its complex private and hybrid cloud solutions.
CEO Lawrence Jones, who was this year awarded an MBE for his services to the digital economy, said: "Last year was a fantastic year. We've grown from £23.4m to £28.9m turnover, that's almost 24 per cent growth, and our normalised EBITDA is in excess of £15m. It's an extraordinary result for us.
"Whilst we've managed to expand, we've been careful about where we've concentrated our efforts. The big focus for 2015 is to build on the momentum and make it a special year for everyone involved with UKFast.
"We've had distractions in the last few years with the development of four new data centres and last year's big head office move. There was a sizeable office refurbishment going on around us too throughout this growth period, so I am tremendously proud of the team for staying focussed."
In August last year, UKFast expanded its eCloud hosting range with drag and drop, on-demand storage solution, eCloud Vault as a UK enterprise-level rival to the market. Alongside this, Jones attributed the firm's remarkable growth to a focus on enterprise technology.
He said: "One of the biggest areas of our growth has been our focus on enterprise clients who want complex and hi-tech, bespoke solutions alongside an extraordinary level of service. Offering tin is just not enough. UKFast is about service, whether you are deploying a tiny cloud or the most complicated of cloud solutions that we host across multiple buildings. You have to be available to speak directly with the clients every minute of every day."
Jones split the enterprise division into a separate entity under the UKFast group umbrella upon the advice of Sir Richard Branson, and has now appointed a dedicated management team and product portfolio to the hi-tech arm of the firm.
Over the past four years, UKFast has invested more than £25m into capital expenditure including the development of four state of the art data centres and the flagship UKFast Campus.
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