MSP ranked 56th most profitable privately owned business in the country

Claranet has secured the 56th position in The Sunday Times BDO Profit Track 100 2016, having increased its profits at an average annual rate of 72 per cent since 2012. This is the second time that the managed services provider (MSP) has appeared in The Sunday Times’ FastTrack series, having earned the 118th place in The Sunday Times International Track 200 last year.

Published on Sunday (10th April 2016), The Sunday Times BDO Profit Track 100 league table, now in its 16th year, ranks Britain’s private companies with the fastest-growing profits over their latest three years of available accounts. To qualify for consideration businesses must be UK registered, privately-owned and not subsidiaries.

Celebrating its 20th Anniversary this year, having been established in 1996 as an ISP, Claranet has evolved into a full-service managed services provider with a presence in six European countries. Having maintained its financial independence since it was founded, the company has been free to pursue international expansion opportunities and been able to remain agile in the face of changing market opportunities.

Charles Nasser, CEO of Claranet, commented:

Financial strength is core to our value proposition as a managed services provider and is critical if we are to secure the trust of our customers. Our ability to adapt to better suit a constantly changing market has enabled the business to improve profitability, securing its financial strength. By balancing fiscal responsibility with technological innovation we have been able to grow the business sustainably over our 20-year history.

Claranet is uniquely positioned to take advantage of the shift from on-premises IT to cloud-based environments. The combination of our strong local presence and international reach means that our business has been consistent in its growth both organically and through acquisition in Western Europe.”