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Posted on July 24, 2017 by staff

Converge TS cloud provider announces £5.7m milestone

A cloud provider specialising in law firms is on track to achieve 45 per cent growth to £5.7m for the year ending December 2017.

It will mean Converge TS has achieved an average of 50 per cent growth per annum for each of the last five years.

This also puts the company in a strong position to reach a target of £10m revenue by the end of 2019.

Converge TS has pursued a focused organic growth strategy to win larger law firm clients across the UK and has signed a number of Top 200 firms this year, including NE firm Langleys Solicitors, SW-based Stone King and London headquartered MW Solicitors.

Nigel Wright, MD, said: “We have a clear strategy which is focused on delivering hosted services to large and mid-tier law firms across the UK and Ireland.

“Law firms want to work with an experienced partner who understands their complex data, compliance and cyber requirements.

“We feel we are uniquely placed to enable firms to deliver flexible and secure IT systems which enhance staff productivity and exceed client expectations.

“Our laser focus has delivered a brilliant start to the year and we’re confident we will achieve our stated 2017 growth target aided by an 80% recurring revenue rate and a 95% client retention rate.”

The company has also signed legal expenses firm, MSL and is building a presence in Northern Ireland, having signed Belfast firm Wilson Nesbitt Solicitors.

Converge TS started 2017 having recently expanded with a new office in central London.

Earlier this year, the company was named in the Ward Hadaway Greater Manchester Fastest 50 list, a run-down of the fastest growing businesses in the region, and was awarded second place in their category.