Year-Old Cloud Now Accounts for 18% Revenue at Hosting Firm
Article date: Thu, 21 Aug 2014 12:19 GMT
Hosting boss Lawrence Jones has revealed that the firm's eCloud range - launched just over a year ago - now generates more than 18% of overall revenue, enabling the development of new features and the range's newest addition eCloud Vault.
The eCloud, the first elastic cloud to be designed, built and hosted in the UK, hit the market in July 2013 and generated more than £1m recurring revenue in the two months following its launch.
Jones said: "We've invested £20m into creating eCloud as an alternative to US providers who are subject to the Patriot Act and for the added data security benefits that having a host in the same country brings to our clients.
"What our latest financial results have shown is that this investment certainly filled a gap in the market. The eCloud range now makes up 18% of our £2.5m monthly recurring revenue.
"This growth shows that public and hybrid cloud is perfect for small projects and those on a short timeline, whilst private cloud and dedicated hosting remains the top choice for business-critical applications and websites."
Last month, Jones's UKFast launched eCloud Vault, bringing Dropbox-style 'drag and drop' storage to the UK.
He said: "Our job is to make life easier for our clients. That's why with eCloud Vault we've created it to be S3-compatible, so if someone has systems or storage created on Amazon's cloud, the migration over to eCloud Vault is simple. We've also automated as much as we can so that there is no need to pick up the phone - it's on demand, and that's the beauty of cloud.
"Customers are becoming more demanding because they are excited by new tech and it's our job to keep up with that. It's a tough job but someone's got to do it!"
UKFast last year reported a turnover of £23m, smashing its £20m target in the same year that the firm made its first acquisition and moved into a new 50,000sq ft HQ on the edge of Manchester's Technology Park. The firm currently has a run rate of almost £30m.
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