Fast-growing hosting company targets £10m revenue
CONVERGE Technology Specialist, based at Daresbury Park in Cheshire, is celebrating after exceeding growth targets with revenue rising 62% to £4m.
It is the fourth year in a row the company has achieved 50% growth and Converge is now aiming to hit £10m by 2019.
The company, which celebrated its 10th anniversary this year, provides hosted and managed IT services to law firms.
Converge TS recently opened new premises in the City of London to strengthen its position in the capital.
Nigel Wright, founder and managing director of Converge TS, said: “Opening our new City of London office is an important step in both supporting our growing SE based clients and in strengthening our relationships with partners, referrers and industry bodies.”
Converge TS has significantly expanded its client base throughout the UK this year with wins in Scotland, Northern Ireland and the South East of England.
There have also been key wins in the North West including Cheshire based LMS, the provider of conveyancing panel management services, and Lancashire-based Speed Medical, the UK’s largest independent provider of medical reports.
The most recent client win is the national law firm Stephensons Solicitors.
To ensure it maintains its excellent reputation for service delivery to clients, Converge TS has continued its significant investment in datacentre infrastructure.
The company has recruited 12 staff in 2016, growing its headcount to 40 with personnel numbers set to increase by another 15 in 2017 in line with growth forecasts.
To accommodate its growing team of experts, the company is building a state-of-the-art technology centre at its HQ in Daresbury.
Wright said: “We remain focused on delivering one service to one sector, and we deliver it really well.
“Our focus on law firms means that our experience and expertise are second to none, and our excellent reputation for client delivery continues to grow.
“We’re delighted to be providing services to some of the leading law firms in the country and helping them to drive the productivity and profitability gains achieved through improved technology use.
“Our robust business model, based on an 80% recurring revenue rate and a 95% client retention rate, enables us to develop the business to meet our future growth plans.”