The UK’s fastest growing private companies: Hot 100 2015 – (46) Fluidata
2 min read
26 June 2015
Growth in Fluidata has been self-funded from the reinvestment of cash flows, which makes it all the more exciting to see it dominate its industry.
Industry/sector: IT, software and telecoms
Date founded: 2004
The boss: Piers Daniell
Latest turnover: £14.3m
Three-year compound growth rate (%): 41.25
Latest EBITDA: £1.5m
London-based data delivery network company Fluidata is truly multi-award-winning. In fact, the company has won at least one award for growth or innovation since it hit 2010. For example, it was named as one of The Sunday Times’ 100 Best Companies to Work For.
According to The Times, employees gave it a 92 per cent score on positivity, with 90 per cent of staff members feeling their jobs were good for personal growth. Furthermore, 89 per cent thought the experience they gained would be valuable in the future.
It was also crowned as one of the megabute 50, which identified the top financially performing companies in the UK mid-market. It was megabuyte’s view that Fluidata was an innovative provider of connectivity solutions, generating solid organic growth, stable underlying EBITDA margins and good operating cash conversion from its role as a picks and shovels provider for the cloud computing gold rush.
Off of the back of this success, Fluidata announced an investment in its business by £2bn company Rigby Group, owned by Peter Rigby – who has interests in the technology, airports, hotels, real estate, financial and aviation sectors. Rigby Group is the parent company for a portfolio of privately owned businesses operating across Europe, the Middle East and North Africa.
Among Rigby Group businesses is Europe’s principal independent technology provider SCC. Fluidata was identified as a “strategic fit” to SCC, and represented Rigby Group’s 14th piece of M&A activity since hitting the acquisition trail in 2013.
Piers Daniell, managing director of Fluidata, said: “Aligning our business with SCC increases our overall service offering and expands our data centre capability while making the most of our diverse connectivity offering.”