Exponential-e secures top 20 position in Megabuyte50
Exponential-e affirms position as one of the UK’s fastest growing, privately owned technology companies with latest award.
6th March 2015
Cloud and Connectivity provider, Exponential-e, has been recognised in the Megabuyte50 awards as one of the best performing, privately-owned technology companies that is headquartered in the UK with current revenues of over £60 million.
Of the 50 leading companies included in the analysis, Exponential-e ranked 16th overall and first among the 10 companies that were included from the telecoms and networking sector. Megabuyte’s scorecard criteria examined factors such as revenue growth over three years, EBITDA performance and organic growth.
“The Megabuyte50 is one of the most rigorous growth awards that exists and breaking into the top 20 is a testament to our financial strength and stellar performance over the past three years,” reflected Lee Wade, CEO of Exponential-e. “Increasingly, we are seeing that technology companies are forming a vital part of the UK’s mid-market and we are proud to be recognised as a rapid-growth company that is pushing development of the industry and helping foster a more bullish attitude about the future of UK businesses.”
The company was applauded for maintaining a consistent level in EBITDA margins with excellent operating cash conversions and all cash flows reinvested back into the business. Megabuyte50 also anticipates that Exponential-e will sustain its growth trajectory with the development of new services that support hybrid-Cloud deployments. Over the next financial year, Exponential-e will continue to maintain its focus on challenging the boundaries within IT and telecoms by investing 10 per cent in research and development and aiming to expand its current headcount to 370 by the end of 2015.
“As the UK looks to establish itself at the front of the digital economy, we are witnessing an increase in demand for technology that can help organisations to achieve growth and innovation,” commented Lee Wade, CEO of Exponential-e. “We are determined to maintain double-digit growth by concentrating on developing solutions that help our customers to succeed. Our future growth will come from our ability to continue offering customers smarter, disruptive solutions that can be scaled globally through our Cloud presence.”
The Megabuyte50 awards aim to shine a light on the best privately owned software, IT and telecoms services companies in the UK mid-market. Megabuyte uses a weighted proprietary analysis methodology for the award that gives a balanced reflection of each company and its performance. This award is the latest in a range of accolades for Exponential-e as it has secured inclusion in the London Stock Exchange’s ‘1000 Companies to Inspire Britain’ and was featured in the Investec Mid-Market 100 Index.
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Megabuyte is an independent research provider, tracking the corporate and financial affairs of some 1,500 of Europe’s key public and private companies in the ICT Services and Software sectors. Megabuyte’s founder and CEO, Ian Spence, is one of the technology sector’s most established and respected financial analysts. In January 2015, and for the second year running (since the inaugural awards), Spence was recognised by Debrett’s and The Sunday Times as one of the 20 most influential people in the UK technology sector. Visit www.megabuyte.com for further information.
About the Megabuyte50 awards
The Megabuyte50 awards identify the 50 best financially performing, privately owned companies in the UK mid-market. The awards differ from other ‘growth’ awards in the superior rigour of their financial analysis and their specific focus on pure-breed technology companies, rather than companies with a peripheral involvement with technology.
As such they provide a highly sophisticated and influential benchmarking reference for companies or the investor and advisory communities seeking to understand relative peer performance. Companies’ rankings are calculated using ‘The Megabuyte Scorecard’, a proprietary benchmarking methodology developed by the research team at Megabuyte, pooling over 50 years of combined experience assessing the performance of software, IT and telecoms services companies. The methodology uses seven key measures: two each for growth, margins and cash flow, as well as overall size. These measures are then weighted to provide the optimum balance for mid-market and later-stage companies.
2015 is the inaugural year of the Megabuyte50 awards.
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