Exponential-e Reaches £60 million Revenues

British Cloud and Connectivity provider, Exponential-e, has revealed its financial earnings for 2014 reached £60.6 million, with total revenue increasing 22 per cent for the year ending 31st January 2015. In total, EBITDA rose 39% to £10.2 million and pre-tax profits were up by 89% to £4.5 million. Over the next year, the company aims to maintain this stellar rate of growth by continuing to champion its customer-served first approach, investing 10 per cent of earnings into research and development, and expanding internationally as the demand for technology solutions that extend the capabilities of the Cloud continue to grow globally.

To strengthen the business and aid future expansion plans, the company is also bolstering its management team to support strategic initiatives. Alongside the recent appointment of Jonathan Bridges as head of enterprise cloud, the company is now building on the appointment of chief operating officer, Maria Cappella, by announcing that Michala Hart has joined Exponential-e as head of channel strategy. Michala brings 20 years of experience in building successful and profitable channels to market for telecommunications companies, ranging from Teleglobe to PCCW and NTT Communications. Michala will assume responsibility for driving the adoption of Cloud services by channel partners and growing Exponential-e’s channel business. In addition, she will oversee the re-launch of Exponential-e’s new channel partner portal, which has been redesigned to enable partners to better engage with the company and support the new business lifecycle.

“As we go from strength to strength in the domestic market and look to start expanding internationally, our exceptionally talented employees will continue to be instrumental in determining our achievements and driving innovation,” reflected Lee Wade, CEO at Exponential-e. “Our financial strength and on-going success over the past year, is a great reflection on the people in our business. As we aim to grow our workforce by 29 per cent over 2015, we will be looking to foster talent among our new recruits by hosting our eighth training academy designed to equip employees with new tactics and business strategies that will bolster our future success as a company.”

“We are immensely proud of what our company has achieved over the last year. Exponential-e continues to grow at a rapid pace through organic growth and outstrip the competition whenever we can,” reflected Maria Cappella, chief operating officer at Exponential-e. “As we continue to mature, our company remains committed to our founding values and beliefs – putting the customer first and leading the market. Accordingly, we have joined the Institute of Customer Service (ICS) and put employees through intensive customer service training, offering them a chance to gain ICS accreditation so that we can achieve our objective of creating a truly customer-centric organisation.”

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David Dungay

Editor - Comms Business Magazine