Manchester tech firm UKFast has made its FASTdesk remote desktop platform a standalone division to capitalise on growing demand for the solution it introduced in 2017.
With the growth in remote and flexible working increasing FASTdesk’s annual revenue run rate to almost £400,000, the UKFast spin-off is creating 20 new technical and commercial roles, including Citrix engineers and account managers.
FASTdesk helps businesses manage remote working by enabling employees to securely access data, applications and desktops remotely from any device.
The Office of National Statistics (ONS) predicts that by 2020, 50% of workers will work at least some of their hours remotely.
UKFast CEO Lawrence Jones said: “FASTdesk’s rapid growth over the last 18 months resembles the early years of UKFast. In 1999, we helped clients take their first steps online. Roll on 20 years and we are pioneering ways for our clients to work remotely. The demand for flexible working solutions is driving the decision to make own oxygen to achieve its true potential.”
UKFast recorded a 12% rise in revenue for the year to December 31 2018, from £48.3 million to £53.9 million. Adjusted EBITDA grew from £19.3m in 2017 to £21.9m in 2018.