IT firm hails record half year
North West-based SysGroup, a fast-growing managed IT services and cloud hosting provider, has seen revenue from continuing operations rise 46.6% to £3.93m for the six months to the end of September.
The news follows a number of successes for the group this year, including the full integration of System Professional, acquired in July 2016, a newly established senior management team and the appointment of a group sales director and group marketing director.
Continued investment has also been made in technology, including a newly established presence in a Manchester data centre.
Adam Binks, chief operating officer at SysGroup, said: “This significant increase in revenue is real testament to SysGroup’s efforts in delivering structural and operational changes to better position the business to execute our combined organic and acquisitive growth strategy.”
SysGroup has also recorded sales pipeline growth of 17.1% to £4.1m since the end of its financial year in March 2017, which will be further boosted by the acquisition of Rockford IT in November this year – the company’s sixth acquisition in the last three years.
This move has bolstered the group’s growth and competency, taking the total number of employees to over 100 with offices across the UK and expanding its market reach into additional vertical sectors, including hotels and leisure.
“The long list of operational achievements to date, coupled with our strong sales pipeline, puts SysGroup in an excellent growth position, leaving us optimistic about our future and our continued commitment to our customers and partners,” Binks added.
