A little-known London tech firm has reached £237 million in revenue and the milestone of 1,000 employees.
The Adaptavist Group grew 41% in FY2023 to reach record revenues and close to 23,000 customers worldwide in more than 160 countries. Around 40% of its workforce is based in the UK.
The group, a family of technology companies and innovation experts focused on making businesses collaborate and work better, saw strong growth in key markets such as Germany, the UK and North America both within and outside the Atlassian ecosystem.
It is the only organisation with Atlassian platinum partner status globally.
“The level of growth this year is staggering. For example, 60m users alone have used an app from The Adaptavist Group to deliver enhanced value in the last 12 months,” said CEO Simon Haighton-Williams.
“Our financial growth has been driven to a large degree by an increased focus on business digital transformation as well as by the fact that our customers include some of the most innovative and fast growing companies in the world. It’s our customer’s vision and ultimately the unique talent we have within The Adaptavist Group that is driving our success.”
The Adaptavist Group established a presence in a number of new territories including Italy and Switzerland.
Haighton-Williams said: “We are a people-first business so this [1,000-employee] milestone is hugely significant. Process and tools will take you so far but people are the most important asset of a business, and supporting and recognising the talent we have within The Adaptavist Group is something that we have always prioritised.”
In the past 12 months, the Group has made a number of strategic acquisitions in areas such as Agile, DevOps and in particular ITSM. The acquisitions include Nimaworks in Greece; Rozdoum in Ukraine, and veniture in Germany.