Quantix Announces Record Year

Published 23rd December 2008

Quantix, a provider of enterprise applications, support and managed services, today announced its end of year financial results. During 2008 Quantix saw its turnover grow by 33% to £8.25 million, retaining a gross margin of £4.25 million. The company’s contracted client base increased to 202, and over 400 clients in total were traded with.

Quantix works with a variety of businesses from manufacturing, healthcare, education and financial services sectors including HCA Hospitals, Solaglas, National Express, Alliance Trust and Manpower. In 2008 Quantix increased its staff count by 53%, to 46 full time employees.

During the economic downturn, Quantix’s managed services provision is key to many organisations, as both large and small customers are looking for cost effective methods to managed business critical IT systems. Where IT budgets are being cut and large in-house teams are becoming a luxury to most organisations, Quantix’s specialist teams assist with business applications, database technologies, and networking and security infrastructures.

“We have enjoyed great success over the past year, since completing our ISIS Private Equity backed MBO, and will continue to carry this forward into the New Year,” says Quantix Managing Director, Richard Salmon. “This backing from ISIS has enabled us to invest heavily in people, systems and marketing during the last 18 months - this is now paying off”. He adds “Everyone is looking to cut costs, so to be able to offer our clients cost effective methods of securing business operability is vital to our own success. We have a constantly evolving team of highly experienced people, so we can offer our customers a strong skill set, able to meet their most demanding requirements.”