Sysgroup delivers 46.6% revenue growth

Sysgroup delivers 46.6% revenue growth

North West-based managed IT services and cloud hosting providers SysGroup PLC, has today announced revenue is up 46.6% to £3.93m for the six months ending 30th September 2017.

The news follows a number of successes for the Group this year, including the full integration of System Professional (acquired in July 2016), a newly established senior management team and the appointment of a group sales director and group marketing director.

Continued investment has also been made in technology, including a newly established presence in a Manchester data centre.

Reflecting on the growth the company has seen in the past six months, Adam Binks, chief operating officer at SysGroup, said: “This significant increase in revenue is real testament to SysGroup’s efforts in delivering structural and operational changes to better position the business to execute our combined organic and acquisitive growth strategy.”

SysGroup has also recorded sales pipeline growth of 17.1% to £4.1m since the end of its financial year in March 2017, which will be further boosted by the acquisition of Rockford IT in November this year; the company’s sixth acquisition in the last three years.

This move has bolstered the Group’s growth and competency, taking the total number of employees to over 100 with offices across the UK and expanding its market reach into additional vertical sectors, including hotels and leisure.

Adam continued: “The long list of operational achievements to date, coupled with our strong sales pipeline, puts SysGroup in an excellent growth position, leaving us optimistic about our future and our continued commitment to our customers and partners.”

This latest announcement highlights the growing market demand for SysGroup’s flexible managed IT solutions and cloud hosting among customers from the financial services, insurance, retail, technology, not-for-profit, education and private health sectors.

Rockford IT is one of only two, WatchGuard Platinum Partner’s in the UK, which will also give SysGroup the tools to build on existing partnerships and accreditations, while continuing to offer fully managed IT services, cloud hosting and IT security solutions to a wide base of customers.

Further investment in capabilities and strategic acquisitions will be supplemented with organic growth in line with SysGroup’s strategy to expand its customer offering and geographic reach.