2012 Tech Track 100
Rank: 49 Updata Infrastructure
Provides bespoke telecoms solutions for businesses, schools, and GP surgeries
This Surrey company connects schools and offices to the internet, particularly those in rural areas, through lines that it leases from the government’s telephone exchanges. Originally based in Denmark, the company expanded its model to Britain, where it was bought out by directors Richard Bennett and Victor Baldorino in July 2009. The deal had the backing of LMS Capital, which provided £6.2m in return for a 46% stake. Growth among SME customers helped to increase sales by 63% a year, from £5.1m in 2008 to £22.2m in 2011.
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This Surrey company connects schools and offices to the internet, particularly those in rural areas, through lines that it leases from the government’s telephone exchanges. Originally based in Denmark, the company expanded its model to Britain, where it was bought out by directors Richard Bennett and Victor Baldorino in July 2009. The deal had the backing of LMS Capital, which provided £6.2m in return for a 46% stake. Growth among SME customers helped to increase sales by 63% a year, from £5.1m in 2008 to £22.2m in 2011.
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Company facts
Updata Infrastructure
Network services provider
Company website
| Sales growth | 62.98% pa |
| 2011 sales | £22.2m |
| 2008 sales | £5.1m |
| 2011 staff | 62 |
| Founded | 2003 |
| Location of HQ | Reigate |
| If applicable: * = annualised figures ‡ = draft accounts |
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