Onyx Group reports record 34% growth

IT infrastructure and support firm Onyx Group has reported record revenue growth and earnings.

Following its £10m acquisition of tech firm Knowledge IT in December 2014 Onyx have achieved an overall revenue growth of 34%, with turnover now standing at £28.3m.

Neil Stephenson, CEO, said: "As we live in an ever-increasing technological world, businesses now rely on IT for their everyday operations and the need to maintain the highest levels of uptime has driven organisations to incorporate reliable and flexible technologies, such as cloud computing and data hosting, into their long-term business strategies.

"Customers look to businesses such as ours to provide them with access to trusted IT professionals with the expertise to deliver an IT roadmap capable of supporting their future growth and development.

"In the past 12 months we have made significant investments into our infrastructure, including a seven-figure sum into the installation of a new 10Gb national core network and upgrades to our entire data centre portfolio to ensure it is now fully PCI DSS compliant."

Onyx Group landed two of its most high profile customer wins to date, with English Premier League side Newcastle United Football Club and Yorkshire-based tolling company Sanef Group.

The company executive team was strengthened in late 2015 with the appointment of former Daisy Group Managing Director Andrew Goldwater to the position of Chief Financial Officer.

Onyx's long-term plan is to become a national £100m revenue IT support and services business within the next five years.

Related Topics

Share this story

Like