Sustained cybersecurity and cloud division growth sees DataSolutions increase revenues by 29%

DataSolutions Group, the specialist IT distributor, today announces the company has increased group revenues by 29% compared to 2022 (£86 million), hitting £109 million for the year ending March 2023. The growth figures are a record for DataSolutions and are supported by sustained growth across two key divisions of the business: cybersecurity and cloud.

Cybersecurity division revenues for the UK and Ireland headquartered distributor grew by 36% this year ending March 2023, driven by solutions in high growth areas such as Zero Trust Cloud Security, Secure Hybrid Working and MSSP solutions. For the UK specifically, cyber revenues increased by 64%. DataSolutions distributes IT security solutions that cover a wide range of risk mitigants from malware attacks, ransomware attacks, data security breaches, internal threats, and phishing scams.

Across its cloud division, group revenues for the UK and Ireland grew by 26%, driven in large part by Citrix, one of DataSolutions marquee vendors, and the demand for its solutions amongst UK businesses. DataSolutions cloud solutions address the increasingly complex challenges around securing, managing, and accessing data and applications spread across multiple public and private cloud locations. Solutions include Digital Workspaces, delivering secure access to cloud resources; Work from Anywhere solutions; and Secure and Sustainable Endpoints.

Michael O’Hara, managing director of DataSolutions said: “We’re very pleased to be announcing such impressive growth rates for our UK business. The last year has been challenging for the entire IT industry, so to be in a strong position and to be posting record numbers for the UK is testament to our team and the expertise we have as a collective. This time last year we decided to double down on our cybersecurity and cloud divisions and that has really paid off in the UK.”

“Enterprises will continue to invest in IT infrastructure to enable them to reduce costs, become more efficient, reach new customers, and grow their businesses. This is our sweet spot as a business, so we are confident of continued growth in this market. However, the IT consumer market will find it more challenging. With higher interest rates, slow economic growth and the cost-of-living impact combined, these factors will create difficulties for growth in the year ahead,” added O’Hara.

In the last 12-months, DataSolutions has recruited more women to the business, and the female contingent now makes up 41% of the workforce with the aim to grow this to 50%. The company has also developed new initiatives to support employee wellbeing, mental health and staff retention.

“I’m a firm believer that what matters most in any business is your people,” continued O’Hara. “We have always prided ourselves on how we recruit and develop people, but also how we support them both personally and professionally.”

Alongside its core business and focus, sustainability is still at the heart of DataSolutions’ plans for continued growth moving forwards. Techies Go Green, the movement of tech-oriented companies who are committed to decarbonising their businesses co-founded by DataSolutions has grown its signatory base to over 350 businesses. In February 2023, The Guinness Enterprise Centre (GEC), a top global incubator in the heart of Dublin City and home to more than 160 innovative start-ups, announced that it is partnering with Techies Go Green and building out its sustainability cluster at its hub in Dublin. As part of this partnership, the GEC has become the new home of Techies Go Green.

“Sustainability remains a core mission for us and Techies Go Green in the UK and Ireland. Despite the economic pressures, we’re still seeing a significant number of business leaders recognise the importance of sustainability on their businesses and wider society,” added O’Hara.

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