We are delighted with the recent independent review and endorsement of our strategy from Megabuyte, the respected Technology Sector intelligence company. Megabuyte have recorded a substantial increase in their Scorecard rating for us, noting strong increases in revenue and EBITDA, and anticipating good growth ahead from recent contract wins.
They commented that our accounts show the fruits of a multi-year investment programme, with revenues up 7.2%, EBITDA up 56% and excellent cash conversion facilitating a big Scorecard improvement.
Our Chairman, Colin Mattey said: "We are seeing the benefits from sustained investment made over a number of years. Our ERP system provides end to end process integration to increase right-first-time delivery. Our multi-sim, multi-carrier 4G hybrid networks get new sites installed fast. Our network monitoring shows customers the whole application path and raises 95% of critical network issues proactively, and our carrier neutral Hybrid WAN reduces costs by deploying the best carrier and technology at each site. Finally, while we already deploy SD-WAN solutions and centrally orchestrate the network, we're continuing to actively develop our SD-WAN proposition for managed services."
Megabuyte concluded that the "benefits of investment in ERP systems, hybrid networks and network monitoring, and a broadening of the carrier partner base, are becoming increasingly visible, with recent contract wins set to make 2018 a good growth year."
Colin added: "We're now well positioned to leverage these investments through our Direct and Channel business, for example, with the multimillion, multiyear managed network contract that we recently announced with Metro Bank."
Megabuyte provides data and insight to help investors, advisers and CxOs to identify, benchmark and monitor UK mid-market technology companies of relevance to them. They can be found at https://megabuyte.com/ and you can read a synopsis of their company brief here.