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Last week at the inaugural Megabuyte50 awards Softcat came 23rd in the Megabuyte top 50 ranking. Softcat was the second largest in revenues, 6th in the owner-managed segment, and one of just three VARs on the list. The awards celebrate the top 50 best performing privately-owned technology companies in the UK mid-market.

“Megabuyte is a very highly regarded establishment in the technology sector due to its extensive industry insight and rigorous financial analysis of public and private companies, so to have reached this ranking with them is a great achievement for us. We’re really proud to have ranked, especially in its first year,” said Martin Hellawell, CEO. “Our growth has been quite striking, especially in recent years, and awards like this serve as a reminder that we’re on the right track. I’ve been delighted with the excellence of our staff, who really go above and beyond to make our customers happy; our 99% customer satisfaction rate is definitely a significant component of our growth.”

The award compilation process is extremely rigorous, focussed on financial performance and weighted in favour of revenues and profit growth. Last financial year Softcat achieved £504m in revenues with 28% profit growth, and a 32% three-year CAGR.

Colin Brown, Softcat’s managing director, said: “For us this recognition serves as proof that we’re making the right business decisions in terms of the market opportunities; we listen carefully to our partners and customers to keep abreast of the latest trends and technologies, which enables us to get new products and services to market as fast as or faster than our competitors. In recent years we’ve expanded our offerings to encompass cloud services, public sector IT provision and managed service provision, all of which have helped us to bring our brand and reputation to a much wider audience, whilst increasing our capabilities and market share.

“We’re recruiting aggressively to support our recent growth, and I believe that our current business strategy will result in further success over the next five years. Watch this space!”