Record growth and continued expansion earns MSP a place among Britain’s fastest-growing private companies

Managed services provider (MSP) Claranet has achieved the rank of 120 in The Sunday Times Top Track 250 2016, having successfully increased its annualised revenues from £133m a year ago to over £200m today. Published on Sunday (2 October 2016), the league table ranks Britain’s private mid-market growth companies with the biggest sales.

One of only a handful of IT-focused companies in the league table, this is the third time Claranet has appeared in The Sunday Times’ FastTrack series, earning the 118th place in last year’s International Track and 56th position in The Sunday Times BDO Profit Track 100 2016.

Established in the UK in 1996, Claranet has grown both organically and via acquisition to become a leading pan-European MSP, delivering a broad range of IT hosting, network and communications services to more than 5,700 businesses across Europe. This year the company’s annualised revenues rose by 49 per cent, driven by a spate of new contract wins and a number of strategic European acquisitions, including Bashton, Diademys and Ardenta.

Claranet has maintained its financial independence since it was founded, enabling it to pursue international expansion opportunities and to evolve its service offering in the face of changing market opportunities. Claranet is currently pursuing the next stage in its evolution, enhancing its service capabilities to enable its customers to take advantage of the transformational benefits of new technologies like public cloud services.

Charles Nasser, founder and CEO of Claranet, commented:

Achieving a place alongside some of Britain’s fastest-growing private businesses is very pleasing, not least because Claranet celebrated its 20th anniversary this year. The IT industry has never been more important to UK businesses, but equally it has never been a more competitive field to be in. Despite that, we have remained consistent in our growth throughout our two decades in business and this shows no signs of stopping; something that owes much to our constant evolution as an organisation.”

Nasser concluded:

Claranet’s heritage as a network provider means we have long possessed a deep understanding of IP-based technologies, which has allowed us to build out a comprehensive portfolio of hosting and application management services. We continue to evolve our service offering to reflect the changing market, both through the acquisition of companies with niche specialisms, and through our commitment to up-skilling our workforce. Our company strategy is based on trust. By focusing on building trusted relationships, many of which span over a decade, we have been able to help our customers grow and succeed in the long-term.”