VADition

Hampshire-based Vadition sources security, networking and data-storage technology from America’s Silicon Valley, which it sells to banks, television production companies and life-sciences groups via resellers. It has achieved higher margins by specialising in new technologies and by often securing sole distribution rights in Britain and continental Europe. During the recession, sales growth has been driven by products that monitor staff activity, productivity and their use of confidential information. Led by co-founders Ian Morris and Neil Ledger, turnover has risen by 196% a year, from an annualised £906,000 in 2007 to £23.4m in 2010.

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Company details
Year2010
Rank3
CompanyVADition
ActivityHardware/software distributor
LocationHampshire
Annual sales rise over 3 years195.77%
Latest sales £000s23,446
Staff35
Founded2006
Websitewww.vadition.com

If applicable:

* supplied by company † annualised figure