MSP Claranet boosts sales by 42%

Pan-European MSP Claranet boosted sales by 42% in its full year results, driven by acquisitions and organic growth.

Turnover hit £216.5m for the year ended 30th June 2017, while adjusted EBITDA grew by 32% to £38.7m.

The group's international expansion was led by a series of acquisitions including Brazilian public cloud services provider CredibiliT in December 2016, which marked Claranet's entry into the South American market.

Claranet secured an Italian foothold in February 2017 and consolidated its presence in more established regions via a series of acquisitions including UK-based Ardenta and Sec-1.

Claranet founder and CEO Charles Nasser said: "We are 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."

Claranet's growth this year has been boosted by refinancing, which has provided the company with long-term funding and an acquisition war chest of £80m.

In addition, Tikehau Capital has acquired a minority shareholding in the group.

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