Interoute Communications Ltd., owner and operator of Europe’s largest cloud services platform, boosted EBIDTA (earnings before interest, taxes, depreciation and amortization) in 2011 by 16.5 percent, to €68 million.
Despite substantial investments in new services and expanded infrastructure, the company also says it increased profitability, to €7.6 million.
Interoute has augmented its core Internet infrastructure, expanding its range of cloud services for the enterprise that now account for a majority of the company’s revenues — 55 percent, or €204 million. Known as Unified ICT, the strategy launched in 2009 and offered connectivity, computing and communications over its pan-European network on a flexible cost model — the Interoute Cloud.
Most recently, at the start of 2012, Interoute launched its new Virtual Data Centre, which enables organizations to deploy virtual computing and storage infrastructure for their enterprise applications in a matter of minutes and brings simplicity and security to the enterprise cloud, the company said.
Interoute’s customers include Deutsche Post, SCA, UEFA and Tieto. Growth in its enterprise business was also aided by the strategic acquisition of Visual Conference Group, a European video conferencing provider, at the start of 2011.
“Interoute's sales growth is driven by a double-pronged approach that combines an abundance of capacity and high-speed infrastructure with relevant cloud and connected IT services," said Joel Stragling, principal analyst of business network and IT services for Current Analysis. "We expect the carrier to continue to gain traction due to the fact that it has no legacy network baggage and adopts refreshingly novel commercial strategies around how companies can buy connectivity, computing and IT services."