Cloud technology firm SITS Group, and its sister company, have revealed record annual turnover for its 2013/14 year.
Cramlington-based SITS Group, which specialises in cloud solutions for private and public sector companies, turned over £4.7 million in the last financial year along with its younger, sister company Pivotal Networks – a 20% increase on its projected figure.
The companies, both based at Berrymoor Court, Northumberland Business Park, enjoyed a promising first quarter, securing business to the tune of £1.5 million since April this year – putting them on track for another high growth year.
SITS Group primarily works with mid-market business with 100 seats and above and provides all aspects of cloud computing, from virtual desktops and server consolidation, to cloud management and disaster recovery solutions.
A substantial portion of the firm’s clients are listed in the North East’s top 200 companies, such as Bond Dickinson, The Banks Group LTD, ISOS Housing, Aesica Pharmaceuticals, Muckle LLP, Unipres UK LTD and Port of Tyne.
Earlier in the year SITS Group revealed its growing market share in Scotland, particularly driven by IT demand in Aberdeen.
Commercial director Phil Cambers believes the firm’s cross sector client base, combined with an upturn in the economic climate, has helped drive the company’s growth.
He said: “We work with large companies with a huge digital demand and our relationship with them is entirely symbiotic in that as they grow, we grow with them.
“Our clients recognise that investment in their IT capabilities can give them a considerable advantage over their competitors and they know we can not only service their current requirements, but can work with them to plan their future IT needs in line with their own growth.
“Due to this we have built up strong working relationships with our clients and, in fact, the majority of our new business has come from referrals.”
SITs Group which launched in 2008 has expanded from its former Newcastle’s Quorum Business Park premises following rapid growth in its first five months trading.
In June the firm expanded its workforce by five, taking total headcount to 20.
The move was spurred by a number of new contracts with firms such as the Cumbria-based James Fisher and Sons plc.
Earlier in the year Pivotal Networks reported growing demand for its specialist corporate computing networks.
Formed in 2011 and operating from the same premises, the SITS Group subsidiary aims to link single or multiple sites together, providing businesses with centralised access to corporate data.
It designs, installs and manages networks for companies, as well as troubleshooting existing infrastructure.