Managed services has driven a lot of growth for Sydney-based provider, Brennan IT.
The company highlighted its revenue surged 113 per cent and it had more than 130 clients running on its managed services platform.
Brennan managing director, Dave Stevens, said 70 per cent of its business is now under a managed services agreement, which was delivering strong recurring revenues.
To help support growth in this area, Stevens said the company wanted to hire about 10 extra staff this year across technical and senior sales roles, including a newly created head of cloud services positions.
Stevens expects the top cloud role to be filled in the next two months. Brennan employs about 200 staff.
“We would like to have someone on-board before the end of the financial year,” he said. “It’s being driven by demand and the growth that we’re forecasting over the next few months.”
Adoption of its cloud technology has been across the board including financial services, retail and not-for-profit organisations, Stevens highlighted.
He estimated its cloud services business has been growing at a rate of about 10 per cent per month.
“With the introduction of things such as the National Broadband Network [NBN], it will have a significant impact on managed services,” he said.
Recently, Brennan landed a $5 million outsourcing deal with national freight company, Northline.