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Home Oxygen 250

43. Claranet

Oxygen staff by Oxygen staff
25 January 2024
in Oxygen 250
One of Europe’s largest IT resellers, Econocom, just posted growth
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Revenue: £116.2m (-5%)       

UK headcount: 569

A reduction in product resale underpinned a 5% revenue rollback at the UK subsidiary of this London-headquartered, international MSP in its year to 30 June 2022. Adjusted EBITDA also dropped by £7m to £16.7m. Globally, the Abry Partners-backed Microsoft, AWS, VMware, Cisco and Nutanix partner claims to have annualised revenues of £525m and over 3,000 staff. Customer case studies includes Pets at Home, Funky Pigeon and Unicef.

Oxygen ice-breaker: Claranet is huge in Brazil, having made four acquisitions in the country in recent years (including one in 2023).

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