Acquisitions strategy driving Claranet growth

It has been a busy fiscal year for managed services player Claranet and the acquisitions it made just before its financial year ended in June did make a contribution.

Download this free guide

Police unlawfully process over a million people's data

The roll-out of Microsoft 365 to dozens of UK police forces may be unlawful, because many have failed to conduct data protection checks before deployment and hold no information on their contracts. Download this E-Guide to find out everything you need to know about the story.

Start Download

• Corporate Email Address:

  You forgot to provide an Email Address.

  This email address doesn’t appear to be valid.

  This email address is already registered. Please log in.

  You have exceeded the maximum character limit.

  Please provide a Corporate Email Address.

• • I agree to TechTarget’s Terms of Use, Privacy Policy, and the transfer of my information to the United States for processing to provide me with relevant information as described in our Privacy Policy.

  Please check the box if you want to proceed.

• • I agree to my information being processed by TechTarget and its Partners to contact me via phone, email, or other means regarding information relevant to my professional interests. I may unsubscribe at any time.

  Please check the box if you want to proceed.

By submitting my Email address I confirm that I have read and accepted the Terms of Use and Declaration of Consent.

The firm has reported a 40% increase in revenue, reaching £216.5m up from £152.5m the previous year.

The acquisitions in the UK that featured in the fiscal year included application management player Ardenta and security firm Sec-1. There were also deals struck in France, Portugal and the Netherlands to bolster the Group operations.

Charles Nasser, founder and CEO of Claranet, said that its growth now gave it the chance to provide more scale and capabilities, "that are increasingly relevant to our customers’ journey, allowing us to develop ever stronger relationships. As we continue to expand our portfolio of services, we are also attracting larger customers with a broader range of services".

“This strategy has enabled us to make significant inroads with upcoming technologies and related services in the areas of Public Cloud, DevOps, Security and Big data," he added.

Nasser also indicated that there would not be a change to its strategy of using acquisition as a means of expanding the business.

"The steps we have taken to grow the business provide the ideal platform from which we can consolidate our position in the market and pursue further growth as the IT services industry continues to evolve and consolidate," he said.

The firm refinanced during the fiscal year, which has given Claranet an acquisition warchest of £80m.

“The investments we’ve made over the past few years in our staff, technical expertise and partnerships mean that we’re now capable of competing with some of the biggest players in the industry, and we fully expect to maintain this momentum into the next financial year," said Nigel Fairhurst, CFO at Claranet.