Cloudcoco is prospected by companies that are selling Talent Intelligence, Client services, Talent sourcing, Recruitment, Medical, Management and other solutions. These are a few quick insights about Cloudcoco that you might find valuable in your outreach.
CloudCoCo revenue multiplies on recurring contracts
(source: https://www.computerweekly.com/microscope/news/366543155/CloudCoCo-delivers-growth-in-H1)
Intel type: Deals & Partnerships
Date: 16 March 2023
CloudCoCo Group PLC – London-based IT and communications for businesses and public sector – Reports 2022 revenue of GBP24.2 million, multiplying from GBP8.1 million in 2021, 67% of which was generated from recurring contracts. Pretax loss widens to GBP2.6 million, from GBP2.0 million a year ago, due to amortisation and depreciation costs. Loss per share 0.32 pence, narrowing from 0.42p loss in 2021. Says it is confident in delivering revenue growth and profitability in 2023.
This insight is useful for your prospecting if your business deals with: Management, Talent sourcing, SaaS and Management services
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Final results for the year ended 30 September 2022
(source: https://cloudcoco.co.uk/wp-content/uploads/2023/03/CLCO-FY22-RNS-v7.4-FINAL-160322.pdf)
Intel type: Investment, Fund Raises & Finance
Date: 16 March 2023
Through the major steps taken to grow the business in the last two years, CloudCoCo now comprises over 125 talented people. I am delighted that all parts of the business worked collaboratively through the necessary initiatives to operate as a single, cohesive business and I would like to thank all colleagues for their efforts.
One of the significant milestones during the year was the acquisition of CloudCoCo Connect Limited (“the Connect business”), acquired as IDE Group Connect Limited in October 2021 and the subsequent and successful execution of the internal project known as “Project 150”, a strategy designed to generate £150k per month of additional benefit from sales and cost savings for the enlarged business. This was a collaborative effort from everyone involved where all ideas were welcome and I’m delighted with the outcome.
In view of the significantly expanded team and proposition as a result of our acquisitions, the Group also made key appointments to oversee the continued expansion of the business. Post-period end, in October 2022, we promoted internally to create a new role of Group Commercial Director (a non-board position) to consolidate our vendor and partnership relationships and ensure we obtain best price and consistent delivery of service from our third-party suppliers. This has progressed well with the additional hire of a Vendor Alliance Manager to concentrate on solidifying our strategic relationships with key providers within our ecosystem.
We also appointed a Head of People (a non-board position) to ensure the right people systems and practices are in place to support growth and to promote our collaborative, inclusive and high-performance culture. With a view to cultivating homegrown talent and to contribute to the acceleration of our organic revenue growth, in July 2022 we launched our CloudCoCo sales academy. Initially comprising five entry-level sales staff, the academy has proven a great success and I look forward to seeing the expansion of this project to incorporate new colleagues in FY 2023.
This insight is useful for your prospecting if your business deals with: Management, Client management, Recruitment, Talent sourcing, SaaS and Management services
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Senior hire for Leeds tech firm with eyes on £100m turnover
(source: https://bdaily.co.uk/articles/2023/04/25/senior-hire-for-leeds-tech-firm-with-eyes-on-100m-turnover)
Intel type: Hirings & Openings
Date: 25 April 2023
Transformational technology specialist CloudCoCo Group PLC has appointed a new head of cloud and innovation — Lee Thatcher — as the Leeds-headquartered business eyes an ambitious £100m revenue target.
He joins the firm with nearly 20 years’ tech experience — eight in senior cloud positions, most recently at Tieva (formerly Optm and the pure technology group).
With 140 employees and over 1,000 customers throughout the country — typically organisations with 25-1500 employees — CloudCoCo is currently a £25m revenue IT services and communication company, specialising in network connectivity, cloud, collaboration tech and cyber.
But Lee’s appointment — in the month that marks the group’s fifth anniversary — also signals CloudCoCo’s evolution into a multi-cloud player. This means that, having long been a Microsoft Gold Partner, the company is now cloud agnostic — one of many transitions that opens up a wealth of growth potential for the established brand.
CloudCoCo’s core network seamlessly connects over 35 of the industry’s main data centres. This stepchange — to now put that network at the heart of multi-cloud transformations — has also been fuelled by two new industry collaborations. An exclusive partnership has been agreed with large-scale digital innovation specialist Abstract Tech, similarly based in Leeds, plus CloudCoco has also entered into a strategic agreement with Ingram Micro UK for the supply of Microsoft Azure and other cloud services. Under the agreement CloudCoCo will migrate its cloud business to Ingram Micro Cloud Marketplace to offer leading-edge vendor cloud solutions, such as Microsoft Azure, AWS and Google GCP.
The hunt is also on for another five people to join CloudCoCo’s own team.
“Our strapline as a business has always been — the future starts now,” said founder and CEO Mark Halpin. “Our foresight means we break new boundaries with tech, but our people ensure that this tech makes a difference — that it is successfully adopted, and adds real value inside our clients’ organisations, as they navigate their cloud journey. This sounds like it should be a given in our market, but sadly it isn’t. Businesses are still often squeezed into using a solution that mirrors a vendor’s chosen tech stack, rather than them receiving what they truly need.
This insight is useful for your prospecting if your business deals with: Talent management, Client management, Recruitment, Talent sourcing, SaaS and Management services
Is Cloudcoco a target account for you? Get insights about Cloudcoco and 9 more accounts relevant to YOUR business, from B2Brain – set up your 14 day Free Trial from here.
