TeleData, has reported 28% growth in recurring contract revenues during the first half of 2020, setting the firm on track to hit record revenues this year.
This has seen the company’s well-established colocation services increase by 15%, while cloud revenue from both public and private cloud hosting solutions has grown 48%. The firm, which was traditionally a colocation provider but evolved to provide both colocation and cloud services in 2019, says that its cloud platform revenue now represents 16% of total recurring contract revenues.
The announcement comes on the back of a period of significant investment for the Wythenshawe, Manchester, based firm, which recently began work on a £2m expansion project which will increase the company’s data centre footprint by 7000ft2 and bring up to 200 server racks online to enhance their colocation offering.
TeleData also invested over £1.8m into resilience, energy efficiencies and cloud product development during 2019, expanding the business’s product portfolio and strengthening its proposition as a serious player in the data centre hosting and cloud services sector.
These investments are attracting not only new customers to TeleData, but also additional fibre providers which are investing heavily into the expansion of their own networks to deliver diverse solutions to network intensive clients hosted at the carrier neutral facility. This is increasing high capacity connectivity and dark fibre options for TeleData’s customers, boosting the company’s service offering and enabling TeleData to provide consistently resilient and competitive options for both cloud and colocation clients.
Commercial Director, Matthew Edgley, said: “It’s been positive to see that despite the many challenges 2020 has brought, our earlier investments into connectivity and capacity are starting to reap dividends. Covid-19 brought significant hardship to a great many businesses, but as a result digital transformation has accelerated, driving the market forward as companies realise the benefits of a resilient, agile and scalable IT infrastructure.
“It’s our job now to continue to provide robust and reliable solutions for our clients, making additional investments into capacity and emerging technologies where required, to enable our customers to continue to run their businesses with peace of mind that their IT infrastructures are secure and business continuity is guaranteed.”