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DataSolutions announces revenue growth

Distributor DataSolutions has announced that the company has increased group revenues by 29 per cent compared to 2022 (£86m), hitting £109m for the year ending March 2023.

The growth figures are a record for DataSolutions and are supported by sustained growth across two key divisions of the business, cybersecurity and cloud, the company said.

Cybersecurity division revenues for the UK and Ireland headquartered distributor grew by 36 per cent this year ending March 2023, driven by solutions in high growth areas such as Zero Trust Cloud Security, Secure Hybrid Working and MSSP solutions.

For the UK specifically, cyber revenues increased by 64 per cent. DataSolutions distributes IT security solutions that cover a range of risk mitigants from malware attacks, ransomware attacks, data security breaches, internal threats, and phishing scams.

Across its cloud division, group revenues for the UK and Ireland grew by 26 per cent. The distributor said this was ‘driven in large part’ by Citrix, one of DataSolutions marquee vendors, and the demand for its solutions amongst UK businesses.

DataSolutions cloud solutions aim to address increasingly complex challenges around securing, managing, and accessing data and applications spread across multiple public and private cloud locations. Solutions include Digital Workspaces, delivering secure access to cloud resources; Work from Anywhere solutions; and Secure and Sustainable Endpoints.

Michael O’Hara, managing director of DataSolutions (pictured above) said: “The last year has been challenging for the entire IT industry, so to be in a strong position and to be posting record numbers for the UK is testament to our team and the expertise we have as a collective. This time last year we decided to double down on our cybersecurity and cloud divisions and that has really paid off in the UK.”

O’Hara added that enterprises will continue to invest in IT infrastructure to enable them to reduce costs, become more efficient and grow their business.

“This is our sweet spot as a business, so we are confident of continued growth in this market. However, the IT consumer market will find it more challenging. With higher interest rates, slow economic growth and the cost-of-living impact combined, these factors will create difficulties for growth in the year ahead,” he said.

In the last year the company has also continued to develop its sustainability initiative, Techies Go Green, alongside wellbeing, mental health and staff retention initiatives. With an aim of recruiting more women to the business, its workforce is now made up of 41 per cent women with the aim to grow this to 50 per cent.

“I’m a firm believer that what matters most in any business is your people,” continued O’Hara. “We have always prided ourselves on how we recruit and develop people, but also how we support them both personally and professionally.”