Over the next year, the company aims to maintain its stellar growth rate by investing 10 percent of earnings into research and development and expanding internationally
British cloud and connectivity provider Exponential-e says its earnings for 2014 reached £60.6 million, with revenue increasing 22 percent for the year ending 31 January 2015.
In total, EBITDA rose 39 percent to £10.2 million and pre-tax profits were up by 89 percent to £4.5 million. Over the next year, the company aims to maintain this stellar rate of growth by investing 10 percent of earnings into research and development, and expanding internationally as the demand for technology solutions that extend the capabilities of the cloud continue to grow globally.
To strengthen the business and aid future expansion plans, the company is also bolstering its management team to support strategic initiatives. Alongside the recent appointment of Jonathan Bridges as head of enterprise cloud, the company is now building on the appointment of chief operating officer, Maria Cappella, by announcing that Michala Hart has joined Exponential-e as head of channel strategy.
Michala brings 20 years of experience in building successful and profitable channels to market for telecommunications companies, ranging from Teleglobe to PCCW and NTT Communications. Michala will assume responsibility for driving the adoption of cloud services by channel partners and growing Exponential-e’s channel business.
In addition, she will oversee the re-launch of Exponential-e’s new channel partner portal, which has been redesigned to enable partners to better engage with the company and support the new business lifecycle.
“As we go from strength to strength in the domestic market and look to start expanding internationally, our exceptionally talented employees will continue to be instrumental in determining our achievements and driving innovation,” said Lee Wade (pictured), CEO at Exponential-e. “Our financial strength and on-going success over the past year is a great reflection on the people in our business.
“As we aim to grow our workforce by 29 per cent over 2015, we will be looking to foster talent among our new recruits by hosting our eighth training academy, designed to equip employees with new tactics and business strategies that will bolster our future success as a company.”
Over the last year the company has won new customers including Gloucester City Homes, the Church of England and Your World Recruitment. The firm says it now services over 1,900 companies across the UK.