53. Cloudreach

Key points

Revenue: £65.9m (+43%)

Net profit: -11%

Staff: 265

Having acquired two US firms since its majority buyout by Blackstone Equity in February 2017, this London-based cloud migration specialist now has its sights set on leaping into Asia. A poster boy of the AWS channel, Cloudreach saw revenues power up 43 per cent to £65.9m in its year to 31 July 2017. Net losses widened from £1.1m to £7.1m, which it said reflected its investment in future growth. During the year it withdrew from the Salesforce market.