News
04/12/2006
2e2 positioned at 24 in The Sunday Times Fast Track 100
2e2 becomes the fastest growing IT Services & Solutions organisation in the UK
Newbury, UK – 4 December 2006 – 2e2, a leading provider of mission critical IT Services and Solutions is today delighted to announce that it polled 24 within the Sunday Times Virgin Fast Track 100, the prestigious national league table which ranks Britain’s one hundred private companies with the fastest –growing sales over a three-year period.
Formed in 2002, 2e2 has become the UK’s fastest growing IT Services and Solutions organisation. It is regarded as one of the most respected and high-quality IT services providers in the UK and the Netherlands and has reported year on year growth which has been recognised by Fast Track.
2e2 has been recognised for its growth in revenues, which have increased from £11m in 2002 to £112.3m in 2005. During this time the Company has also performed 10 acquisitions, including Prime Business Solutions, which it acquired in 2004 for £20m.
More recently the Company released interim results for the six month ended 30 June 2006. It reported a 61% increase in revenues to £74.3m (H1 2005: £46.2m) and a 25% increase in operating profits to £5m (H1 2005: £4m). With the support of Duke Street Capital, the mid-market private equity fund manager and annual run-rate revenues of £156m the Company is on track to achieve revenues of £450m by the end of 2009.
Terry Burt, Chief Executive of 2e2 commented: “To be positioned at 24 out of Britain’s one hundred fastest-growing private companies is a huge achievement. We are delighted with the result which highlights our growth over the three years and would like to thank all of our staff who have made this achievement possible.”
