New deals see IT firm Novosco report profits of £2.3m
A BELFAST IT company has grown its profits and turnover after bagging a number of new contracts outside Northern Ireland.
Novosco, which provides cloud computing and infrastructure IT services, said work in Great Britain now accounts for 25% of its business as it reported profits of £2.3m from 2013, an increase on £1.5m in 2012.
Two significant contract wins in recent days include providing IT infrastructure for Alder Hey Hospital in Liverpool and a deal with Bradford College to build the new infrastructure for their new £50m headquarters building.
It has also secured a multi-year deal with a large housing association in the north of England.
"Northern Ireland remains our key market, but the significant opportunities for us to grow are in GB, as well as the Republic of Ireland," said Novosco managing director, Patrick McAliskey.
"We opened a new office in Birmingham in 2012 and this has been a real springboard for increasing our business in England. As we win more work there, it brings significant benefits to our Belfast headquarters and to our company as a whole," he added.
As well as an increase in profit, Novosco also boosted turnover by 50% to over £23m for 2013.
It now employs almost 90 people, with offices in Dublin and Birmingham, in addition to its Belfast base. It was the highest placed Northern Ireland firm in the latest Sunday Times Best Small Companies to Work For listing last year and appeared in the Deloitte Fast 50 2013 for the 14th year in a row – one of only two firms to be in the listing every year since it started in the year 2000.
Its work include disaster recovery, managed services and connectivity services, to a wide range of organisations in the public and private sectors. Novosco is a leading partner of Cisco, EMC and VMware in the UK and Ireland.