Revenue: £74.8m (+77%)
Headcount: 830
Hot demand for Systal’s managed network and security services underpinned a 74% calendar 2022 revenue uptick at this Glasgow-based Cisco Gold partner. Managing over 200,000 assets in more than 70 countries, the Inflexion-backed outfit’s 240 enterprise-level customers include Cathay Pacific and WPP. Underlying EBITDA dropped from £9.9m to £1.6m, reflecting efforts to invest in the infrastructure needed to fuel growth.
Oxygen ice-breaker: Systal was the only new entrant among the 17 firms featured in Gartner’s 2023 Magic Quadrant for Managed Network Services.
