Commsworld has announced a substantial growth in revenue, with 2015 set to be the most successful year in its history.
The network, telephony and internet service provider (ISP) started the year on track to post £10m revenue, however the ensuing months have resulted in significant developments in the growth of the business, leading to a 28 per cent growth on that forecast.
The firm has seen rapid growth since expanding its services from telecommunications and building a new Scottish centric network. This growth has intensified in the first half of 2015 with the business landing significant deals and helping deliver the ground breaking Edinburgh CORE project, which will see the capital become one of the best connected cities in the world.
2015 has seen Commsworld add many household names to its already well established client list including Arnold Clark, The Edinburgh International Conference Centre and The Law Society, with a strong pipeline of new business set to boost forecasts further before the turn of the year, by which time the Edinburgh headquartered firm hopes to employ 60 full-time staff.
Commsworld CEO Ricky Nicol believes this is indicative of a transformation in the Scottish market with organisations turning their backs on industry giants such as BT and Vodafone to benefit from more affordable, tailored solutions and more engaged customer services offered by smaller local firms.
Ricky Nicol, Commsworld Chief Executive, said: “2015 has certainly been the biggest year in our history.
“A decision taken many years ago, to go it alone and service Scottish businesses with what we believed would be a more personal and effective set-up is further justified each day that passes and with each client that joins or renews with us.
“We’re now competing at a far higher level than ever before and we know for a fact the Scottish operations of Vodafone and BT are taking notice.”
Earlier this month Commsworld announced a milestone £12m contract with CGI to be a key provider in the City of Edinburgh Council’s new ICT contract that will see it help to deliver a 400 site Wide Area Network (WAN) delivering faster and more reliable connectivity for schools, libraries and other council buildings.
The landmark deal was made possible through its strategic partnership with network infrastructure provider CityFibre.
In May this year the two firms launched the Edinburgh CORE project, which will see a “pure fibre network” installed in Edinburgh allowing business to access internet speeds estimated at 100 times faster than the UK average.
The Edinburgh project – the largest Gigabit City project in the UK – will future-proof the capital’s economy providing the foundations for a further digital boom and is expected to attract inward investment that could see GDP boosted by a massive 1%.
Commsworld was also selected as a preferred partner for CityFibre’s ‘Gigabit City’ project in Aberdeen, helping drive business in the North East.
Ricky continued: “Our partnership with CityFibre and the opportunity to deliver on the hugely exciting Edinburgh Gigabit City project by propelling my own home city to the forefront of the digital revolution is a source of immense pride.
“However, the most satisfying part of our success is being able to offer more people a strong career that will allow them to share in our success. We’ve risen steadily to 50 full-time staff in recent years and we expect to get that up to around 60 by the end of the year.
“With all these talented individuals on board it is a very exciting time to be part of the Commsworld team taking on the likes of Virgin and BT and that excitement shows no sign of winding down any time soon.”
Commsworld, founded in 1994, is Scotland’s leading Telecommunications Network Provider, providing customers with a full range of integrated communications solutions.
In October 2012 Commsworld acquired Edinburgh based ISP Fluency, diversifying the business by allowing it to operate its own network to bring next generation connectivity to businesses across Scotland. Since the acquisition the firm has grown exponentially and added 2000 circuits onto the network to offer its clients a fast, reliable and robust alternative to the larger operators.
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