Hosting provider UKFast enjoyed another year of strong growth in 2016, with acceleration in the cloud market and high client retention rates driving a £5.7m increase in sales to £40 million.
Annual sales of the firm’s expanding eCloud range of cloud solutions increased by 40% to more than £14 million.
UKFast has doubled turnover over the last four years, achieving a compound annual growth rate (CAGR) of 18.9%.
Later this year, UK Fast is expanding into a second 40,000 sq. ft. building adjacent to its current campus in Manchester Science Park.
UKFast CEO Lawrence Jones MBE said: “In October we get the keys to our new building, which is just as well as we’ve tripled our team in the last three years and we’re bursting at the seams.”
In partnership with educational provider The Dean Trust, the fast growing company is also opening a new high school in Manchester, focusing on digital literacy.