IT services pioneer Claranet recognised in the Sunday Times International Track 200

Claranet, the managed services IT provider, has been awarded 170th place in The Sunday Times International Track 200 for 2017. Published on 11 June 2017, the table ranks the 200 privately owned companies in Britain with the fastest-growing international sales. This latest accolade is the second time Claranet has appeared in The Sunday Times’ Fast Track series this year, having been listed 93rd in the Profit Track 100 ranking.

Over the course of the past year, Claranet has continued to expand rapidly as a leader in Public Cloud and Security, bringing its technology solutions to an ever-increasing range of markets in the UK and beyond. Acquisitions and organic growth have both been key priorities for Claranet in the past 12 months, and have seen the company reach new heights in terms of its overall size and ability to serve new and existing customers.

In December, Claranet acquired Brazilian cloud services provider CredibiliT, marking its first foray into South America, and confirming its status as one of the most ambitious and dynamic players in the global private, public and hybrid cloud hosting environments. This was followed in February by the establishment of Claranet Italy, designed to support the growing demand for managed public cloud solutions in the Italian market.

Maintaining this momentum, Claranet announced in late May that it had acquired three additional companies: Sec-1 in the UK, Oxalide in France and ITEN Solutions in Portugal. These acquisitions represent a 40% growth in revenues and a significant step forward for Claranet, confirming the company’s market-leading position in France and Portugal and boosting its Group-wide security and application management capabilities for the benefit of its customers.

To support this activity, Claranet has also completed a refinancing exercise, providing the company with long-term funding and an incremental acquisition facility of £80 million. The organisation has also taken on new minority shareholders, including investment management firm Tikehau Capital, with the refinancing provided by ABN AMRO, Bank of Ireland, HSBC, Natixis, Partners Group, Royal Bank of Scotland, Société Générale and Sumitomo Mitsui Banking Corporation.

Charles Nasser, founder and CEO of the Claranet Group, said:

The acquisitions we have made over the last year, along with our continued organic growth and refinancing exercise, has meant we have been able to establish a significant operation in the managed IT services market both at the European level and beyond. In many ways, this places us ahead of our competitors in the markets in which we operate and securing a place in the International Track 200 is a reflection of the success of this work."

We’re looking forward to consolidating our position further over the coming months, making sure we can continue to provide the widest variety and highest quality of services to help our customers do amazing things."