Reflecting on the first half of 2021
As we launch into the second half of 2021, I'm delighted to announce strong performance for Cloudsoft in the first half of 2021, including high double-digit growth in revenue across both strands of our business: AMP and Tempo. This follows a strong full year result in 2020 of 40% growth in revenue. To help manage this ongoing growth, we've nearly doubled our headcount, moved to a new office on Edinburgh's Prince's Street and we're continuing to actively recruit.
This is a pivotal time for our business, and for the tech sector as a whole. The role of technology in helping businesses ensure stability and agility has never been clearer, fuelled by changing working models because of Covid-19. Our growth has stemmed from more clients seeking better value from their tech investments and embracing digital transformation without being slowed down by legacy systems.
A bit about us
Cloudsoft helps businesses reduce complexity around IT through software and consulting services business strands. AMP is a Gartner-recognised Digital Platform Conductor software tool designed for companies with complex hybrid IT environments to help them strategically manage critical applications and ensure continual resilience. Through our consulting services arm, Tempo, we support clients on a faster journey through digital transformation by exploiting the benefits of public cloud.
The first half of 2021
Since January this year, Cloudsoft has secured strategic business wins with new and existing customers across the financial services, security and aerospace, and technology sectors. This includes the largest ever AMP deal secured in our history!
In line with the upturn in business and revenue, Cloudsoft has recently welcomed new team members across all functions of the business, including expanding our management team with the appointment of Linda King as Chief Go-To-Market Officer. Linda has over 20 years’ experience in the technology sector and joined Cloudsoft from managed hybrid cloud services provider, Brightsolid. We've also strengthened our board with the appointment of Scott Leiper as Chairman, and Mark Sutherland as Non-Executive Director. Both bring significant experience directly relevant to the growth strategy of the business.
What next for Cloudsoft?
We are seeing increasing traction from major global enterprises in Financial Services and beyond for Cloudsoft AMP driven by compliance and innovation agendas, such as the impending Digital Operational Resilience Act (DORA). We are also continuing to work with our strategic partners, including AWS and Fujitsu, and are working towards becoming a Premier AWS Partner. Thanks in no small part to the work our team has put in, we’re tracking ahead of our targets for the year and it’s looking like it will be a standout year for us.