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TechMarketView article - Quantix Growth
1. http://techmarketview.com/ukhotviews/archive/quantix-driving-profit-growth-through-
cloud-services
• 04 May 2010
Quantix driving profit growth through
Cloud services
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
2. 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.
Posted by
Philip Carnelley
at 12:23 Tagged:
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