34. Ultima

Doug Woodburn
clock • 1 min read

Revenue: £118.6m (-3%)

Net profit: 1.5%     Staff: 389

This Reading-based IT solutions provider recently made its first acquisition since taking on Apse Capital as its private equity backer in 2019, snapping up global cloud services provider Just After Midnight. Counting Check Point, Cisco, Citrix, Dell, HP, HPE, Microsoft, Nutanix and VMWare as its strategic vendors, Ultima is morphing into a vendor itself with its IA-Cloud and IA-Connect offerings. A lack of fresh accounts means we've recycled old numbers for its year to 31 March 2020, when its revenues hit £118.6m.

Covid impact

"There are signs that companies are now making that step to invest in the longer term," Ultima CEO Scott Dodds told CRN in September. "We're not out of Covid issues yet but generally speaking companies are starting to move in the right direction."

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