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Title: Exponential-e cracks Investec Mid-Market 100 Post by: RealWire on January 29, 2015, 08:51:23 PM Exponential-e goes from start-up to mid-market leader in little more than a decade
LONDON, UK – 29th January 2015 – British Cloud and Networking provider, Exponential-e has been included in the 2014 Investec Mid-Market 100, a listing of the 100 fastest-growing private companies in the UK. Showcasing the strength and importance of Britain’s mid-market, Exponential-e has been ranked at 78, boasting a workforce of 305 people, compound annual sales growth of 26 per cent and a customer base of over 1,700 prestigious brands including Channel 4, the Barbican and Fulham Football Club. Exponential-e’s inclusion in the Investec Mid-Market 100 comes just 13 years into its existence, having been founded in 2002. “Britain’s mid-market companies are the backbone to the economy. We are proud to have been recognised in the 2014 Investec Mid-Market Index, which is a testament to the innovation that is driving Britain forward,” reflected Lee Wade, CEO of Exponential-e. "Moving forwards, our growth will rely on our ability to continue turning disruptive concepts into commercially viable ideas that push the boundaries within IT and telecoms." The UK's mid-market companies are starting to adopt a more bullish attitude towards the future with over 92 per cent of leaders remaining very confident or confident of growth in their business.[1] As this sector builds momentum, Exponential-e will be focusing on how it can maintain its customer-first approach. The company will be investing 10 per cent in research and development, alongside aiming to expand its workforce by nearly a third (29 per cent). "At Exponential-e, we are seen as a champion of growth and our company performance is driven by our ability to deliver service excellence and value to our customers on an ongoing basis," added Lee Wade. "To achieve this goal, investing in our products and having the right people in the right roles is key. Over the next year, we'll be continuing to develop our training academy to ensure that all employees are equipped with the skills and knowledge that enables our business to achieve scale.” Ed Cottrell of Investec, said: “The UK mid-market contributes nearly £1 trillion of revenues annually and up to a quarter of private sector employment, and it is important that its contribution is understood and recognised. We know from our experience of working with mid-sized businesses that they are highly committed to investing for long-term growth and play a crucial role in the success of the UK’s broader economy. We look forward to seeing these companies go from strength to strength in the future and congratulate Exponential-e for achieving their place in this year’s Investec Mid-Market 100.” The Investec Mid-Market 100 provides a ranking of the fastest growing private companies in the UK with a minimum turnover of £10m and EBITDA of £1m, tested by a four-year consistent, profitable turnover growth challenge. Company financials are based on latest accounts filed at Companies House after 1 August 2014. [1] http://www.grant-thornton.co.uk/Agents-for-Growth/Confidence-and-productivity/The-confi-dent-voice-of-MSBs/ |