Nasstar Annual Report & Financial Statements for the period ended 31st December 2016
In news / By Lydia Cooper / 25 April 2017
Nigel Redwood, chief executive at Nasstar Plc (LON:NASA) runs through the cloud computing group's full year results for the year to the end of December 2016.
''More pleasing than the top level highlight was the increase in contracted recurring revenue which was up 54% - which represented an 8% organic growth'', Redwood says.
Operational highlights include:
● Relaunched Nasstar brand, with new look and feel, better reflecting the Group’s capabilities; subsidiary brand names dropped.
● Successful acquisition of Modrus in September 2016
– Group technical capabilities broadened
– Further vertical market diversification delivered
– Group round the clock capabilities bolstered with 24x7 support service delivered from New Zealand
– Successful cross-selling already in evidence
– Integration plan underway with wider integration plan due in 2017
● Launched Nasstar consolidation programme for 2017, (“Nasstar 10-19”) designed to consolidate technologies, integrate teams and automate processes, whilst defining a single approach to customer service excellence. The “Nasstar 10-19”, programme incorporates key target KPI’s.
● The maturing of the Group’s public cloud capabilities saw Microsoft award Nasstar a number of Gold competences relating to Office 365 (“O365”) and Azure.
● Became Microsoft SCA accredited – Shared Computer Activation accreditation enables Nasstar to integrate O365 fully with hybrid platforms where both public and private cloud platforms are integrated in the delivery of the managed service to the customer. Nasstar are one of only four other Microsoft partners that hold such accreditation.
● Continued to pioneer the public and private cloud hybrid solution, with a high proportion of the recurring revenue growth including hybrid solutions.
● Conclusion to year-long Microsoft SPLA audit.
● Significant external industry validation with the award of “Citrix Networking Partner of the Year”.
● Cyber security capabilities enhanced by partnering with Falanx Cyber Defence (“Falanx”) for protective monitoring services and cyber incident response support.
● Right sizing of the plc Board of Directors, leaving a balanced Board of Chairman Lord Daresbury, CEO Nigel Redwood, FD Niki Redwood and non-executive Directors Nick Bate and Mike Read.
To read the full Annual Report click here.