MTI puts in strong performance post acquisition
MTI Technology's performance since its acquisition in January last year by PE investor Endless is reflected in positive results that show 20% growth in professional services and expansion in the security and data centre space.
In its financial results for the 16-month period ending March 2018 the Godalming-based EMC partner reported £94.5m revenues and an underlying EBITDA for the period of £2.2m, representing a year-on-year 12.4% increase.
“Since the Endless acquisition we’ve worked hard to build on our strengths and expand our service offerings," stated MTI CEO Scott Haddow (pictured).
"Combined with strategic investments in management, sales and marketing, this has enabled strong revenue growth in 2018 with security and professional services performing particularly well.
“We’ll continue to invest in the team, build out our services portfolio and look for acquisitions that offer a strategic fit in the coming year."
Endless has invested in MTI's managed service portfolio including an expansion of its cloud-based services which led to a Microsoft Cloud Solution Provider designation.
Other investment areas are sales and marketing and a strengthened technical sales function boosted by the hire of a CTO to lead the pre-sales teams.
“We’ve made incremental but strategic investments over the last year, the costs of which have already been recovered as profits have remained stable,” added Haddow. “Having made these investments MTI is well-placed to see continued strong revenue growth."
In a separate statement MTI Technology announced Pieter Knook as a Non-Executive Director and Chairman of the Board.
His experience includes an 18 year spell at Microsoft where he became one of its top 25 executives.
Knook also built a new software services venture for Vodafone Group, launching and evolving Vodafone 360.
Other previous Vodafone roles include positions on the Strategy Board, Marketing Board, Ventures Board, CEO Council and Group Marketing Leadership Team.
Knook is Chairman of the Bullitt Group, a ruggedised mobile device manufacturer.
Source: commsdealer
Industry: Unified communications news
Latest Jobs
-
- IDAM Business Analyst
- London
- Up to £65,000 Base
-
A Business Analyst with strong exposure within the Identity & Access or Privileged Access Management space is required by a leading consulting firm. You will have a strong technical understanding of at least one of the following subjects; Privileged Access/ Identity management, Identity Governance and Administration. Vendor experience may include; CyberArk, Sailpoint or Ping Identity. Any of the following vendors could also be advantageous; Oracle’s Identity Manager/ Access Manager or One Identity. The role is to be based in either London or Manchester, with 3-4 days of travel required in a week, that may flex based on the influx of work. This person will have excellent client facing skills, as you will be the primary point of contact between the clientele, and the Engineering team. So prior client facing experience is a must. If this sounds like you, give me a call today on; 0208 663 4030 or email Thomas.Childs@DCLSearch.com Ref: TC7516
-
- ISO27001 Information Security Consultant
- London
- Up to £60,000
-
Information Security Consultant with ISO27001 audit and advisory experience is needed for a client facing opportunity with a Cyber Security company in London. Experience with ISO27001 is essential. Activities of the role will include, but not be limited to providing advice to clients, Gap analysis, Risk assessment, analysis, ISO27001 Audits. Experience taking a client through to iso 27001 certification is highly desirable. This Cybersecurity consultancy, who are dedicated to improving and investing in their client's businesses and employees careers, are looking for a security consultant due to expansion. All the training and development will be provided to help them specialise into the PCI industry / Security advisory industry. Ideal certifications ISO27001 Lead Auditor, ISO 27001 Lead implementer, PCI ISA. Aspiring PCI QSA. Other certifications such as CISSP, CISM or CISA are beneficial to have but not required. The ability to SC Clearance is essential. MUST be UK based and realistically able to commute to London. Structured career path, technical training, diverse and interesting clients available. (ISO70001 Lead Auditor, ISO 27001 Lead implementer, PCI ISA. Aspiring PCI QSA, ISO27001 Information Security Consultant) Contact me on chris.holt@dclsearch.com or 07884666351 or 02086634030 Ref: CH7514
-
- Google Cloud Data Engineer
- London
- Up to £650 Per Day
-
Google Cloud Data Engineer London Up to £650 Per Day Duration: 3 months (Potential to extend) We are currently working with a leading Google Cloud partner who are currently looking for a Google Cloud Data Engineer in London. The Google Cloud Data Engineer will be responsible for a new, on-site project (start to finish) designing and implementing a data cataloguing platform using Google Cloud. Current Experience Required Google Cloud Data Analytics (Data Engineering, Data Mining, Data Cataloguing etc.) Cloud PUB / SUB Ref: PG7512
-
- Professional Services Security Engineer
- United Kingdom
- £65,000
-
Professional Services Security Engineer with current checkpoint experience is needed for the UK focused client facing implementation/migration, configuration position. The role will be utilising the latest versions of Checkpoint, so someone accredited with either CCSA or CCSE, on at least version R80 is ideal. The Professional Services Security Engineer must have current technical implementation experience using Checkpoint, however, I would look at someone with strong firewalling experience around other vendors such as Palo Alto and Fortinet. Being a multi-vendor professional services business, there is scope for this person to receive training and experience within other vendors. This is a UK wide role, the company in question has 2 offices across the UK, however, there is scope for this person to be home based when not on client site. Vendor training and exposure actively promoted.