Coventry IT Services provider reports revenues up nearly 50%

Adam Binks, SysGroup CEO

SysGroup PLC (‘SysGroup’), a Coventry-based managed IT services and cloud hosting provider, has announced another period of significant growth with revenue up 47.3 per cent to £5.8 million for the six months ending September 30, 2018.

Recurring managed IT services represented 77.8 per cent of the Group’s total revenue during the period.

The results follow the unification of SysGroup’s operations and service offerings, which were launched under a single brand earlier this year. The company also welcomed Martin Audcent to its board of directors in the summer, taking up the position of Chief Financial Officer.

The Group’s growth over the past six months has been driven largely by investments made to strengthen its sales and marketing functions.

Adam Binks, Chief Executive Officer of SysGroup, said: “Since taking on the role of CEO at SysGroup, we’ve spent the first half of the year investing in our business, our people, our brand and in our systems. As a result, we have a more sales-focused workforce all working towards the same common goals. We are beginning to see the results of this investment through a strengthened pipeline and remain confident in delivering full year performance in line with current market expectations.

“Cyber security, governance and compliance are three key areas that businesses look for in managed IT services. They want to understand where liability lies in the case of a data breach and make their chosen solution as cost effective as possible – which is where SysGroup can really begin to add value.”

SysGroup delivers a wide range of managed IT services, cloud hosting, managed IT Security and consultancy services to its customers across a range of sectors, including financial services, insurance, retail, technology, not-for-profit, education and healthcare.