Metaphor IT declares 130% annual growth

London-based managed services provider, Metaphor IT, continues to surpass its growth targets with all areas of the business reporting strong organic growth. The company says that it has been winning business away from the larger players in the market by offering more tailored solutions to clients on more highly available and performant platforms.

Having now fully integrated their 2016 acquisitions of Virtual Workspaces and Tegen, the business is again back on the acquisition trial to accelerate its strong organic growth which Managing Director, Richard Callis explains is outstripping their peers.

Callis comments “We continue to have strong organic growth across all areas of the business and we are ahead of our five year growth strategy. We have high contracted recurring revenues and are winning new logo business consistently. Integration of the acquisitions is complete and we are looking for the next “right fit” business to join the group”.

Metaphor IT confirmed that they have signed £1.5 million of its recently launched Desktop as a Service platform (branded Virtual Workspaces) in the past six months and possess a pipeline which should deliver a similar level of contract wins in the second half of the year. It’s SOC as a Service offering is also gaining strong traction in the market and adding strong sales numbers to the business’ reoccurring revenues.

Callis expects the business to report organic growth at the same levels at the end of its fiscal year.