News
26/02/2008
2e2 rated in top five of South East Deloitte Buyout Track 100
Berkshire-based IT services and solutions provider, 2e2, has won its 48th award in five years, coming fifth in a list of South East businesses appearing in the latest The Sunday Times Deloitte Buyout Track 100 league table. It is positioned at No 24 nationally.
Newbury, 26 February 2008 – Berkshire-based IT services and solutions provider, 2e2, has won its 48th award in five years, coming fifth in a list of South East businesses appearing in the latest The Sunday Times Deloitte Buyout Track 100 league table. It is positioned at No 24 nationally. The league table ranks Britain’s 100 private-equity backed companies with the fastest-growing profits over the last two years. 2e2s listing is a result of its 62 per cent year on year growth in profit, which has increased from £5.6million in 2004 to £14.8million in 2006.
A fifth of the companies on the league table are headquartered in the South East, with 2e2 being one of three from the Berkshire area. The other companies are business software developer, Iris, based in Datchet and Norbain, distributor of CCTV systems who are located in Wokingham. 2e2s contribution to the local economy is clear with it employing 1,240 staff and consistently making profit.
2e2 provides consultancy, integration and support services to organisations, and as such is the only IT services provider in the league table.
Co-founders of 2e2, Terry Burt and Mark McVeigh, have pursued an aggressive acquisition strategy, with 11 IT firms brought onboard to date. As a result, and in addition to its HQ in Newbury, 2e2 operates from a number of locations across the UK, the Channel Islands and the Netherlands. In 2006, Duke Street Capital bought out original investor Gresham in a deal valuing the business at £130million.
Data was compiled by the Oxford-based independent research and networking events company “Fast Track”, who track Britain’s top-performing private companies, ranging from the fastest-growing to the biggest.
Terry Burt, CEO of 2e2, said, “We are delighted that 2e2 has been recognised in The Sunday Times Deloitte Buyout Track 100. We believe that achieving a place in the top 25 companies is testament to the hard work and commitment that has been put in at 2e2, not just during the two years covered by this, but from our inception in 2002. We look are looking forward to moving into the next stage of the company’s development.”
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2e2 contact:
Natalie Bruins
Marketing Manager
Tel: 01635 265969
Email: Natalie.Bruins@2e2.com
Press contact:
Rebecca Marwood
Eclat Marketing Ltd
Tel: 0118 989 5600
Email: Rebecca@eclat.co.uk
About 2e2
2e2 is an IT managed services and solutions provider.
2e2’s mission is to be regarded as the most respected provider of innovative technology services and solutions that create exceptional business advantage for its customers. 2e2 provides an extensive portfolio aligned across five principal areas of business:
• Managed services: remote, on-site and co-sourced managed support
• Business application services: around Oracle, PeopleSoft and Microsoft Dynamics
• Unified communications: IP Telephony, video, messaging & collaboration
• Technology solutions: Data management, security, resilience & virtualisation
• Service and asset management: ITIL consulting & service management solutions
2e2’s vision is to be a company whose integrity, performance, quality and care for its customers and employees is second to none. Its expertise, passion, innovation and agility will differentiate it and ensure it is the partner of choice.
2e2 was established in 2002 and has grown into one of the most respected and high-quality IT services providers in the UK and the Netherlands.
With the support of Duke Street Capital, the mid-market private equity fund manager, and Bank of Scotland, 2e2’s mission is to be a major IT services partner in the UK and selected European markets.
2e2 has £256m of annual run-rate revenues and more than 1,500 staff in the UK and the Netherlands.
For more information please see www.2e2.com
