Continued demand for mission-critical managed hosting and cloud services has generated 15 per cent growth in recurring revenue and 80 per cent growth in profitability in ControlCircle’s 2013 fiscal year (1 October – 30 September).

With market research company IDC predicting a surge by 25 per cent in the use of cloud services in 2014, the forthcoming 12 month outlook for ControlCircle, a leading provider of managed and cloud-based services to enterprises and online businesses, is strong.

ControlCircle’s success has been underpinned by ongoing business expansion from its customer base as well as a number of key new enterprise customer wins in the year, including the Chubb Insurance Company of Europe. The privately held UK service provider plans further growth over the next financial year with a strong pipeline of new opportunities maturing, coupled with its expanding portfolio of solutions, including Max3000™, Hybrix™ and MaxCloud.

“We are so pleased to welcome new great customers to our portfolio this year and to see the ongoing investment in our service capabilities enable our continued growth,” said Carmen Carey, CEO at ControlCircle. “We appreciate the loyalty from our outstanding customers and look forward to our ongoing collaboration.”