Source: TechMarketView
Privately owned Quantix, a managed hosting services provider, has updated us on trading for its first half, which shows rising growth and profits on the back of its move to provide cloud services. With turnover for the first half of £4m, the company is projecting revenues of £9m for the full year (up 7%) and EBITDA up 23% to £2.1m – not a bad performance in the current climate. Managed services was up 15% and forms the centrepiece of its ambitions for the coming years. Quantix may be a new name to many, but has a familiar heritage: the company was created in 2007 by an MBO of the support services division of IT distributor Sphinx CST, part of Lynx, backed by PE firm ISIS.
Quantix is primarily a provider of managed services around the Oracle platform to medium-large organizations in the private and public sector. Recently it has been investing in its data centre capacity to expand its range of managed services. Most interesting, it has ‘packaged up’ its offering as “Oracloud,” a solution which essentially allows companies without the necessary IT resources / skills to set up private clouds based on Oracle, VMware, Juniper etc. This can include software companies, and they are one of the major targets for Quantix’s current marketing
Indeed, we became interested in Quantix in part through one of its contracts, with IDBS, to provide IDBS software as a Cloud service to a major pharmaceuticals company and its partners (see IDBS - update). Quantix’s affable MD, Dick Salmon, told us that he saw a significant opportunity in supporting software companies in their moves to offering software-as-a-service. Undoubtedly “the cloud” is changing profoundly the structure of the IT industry and routes to service delivery. We see big opportunities in managed services provision around companies like Quantix and will be writing much more on this theme in the future.
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