LBB CentraStage reports strong growth in 2013

We’re always pleased to see our ‘Little British Battlers’ (LBBs) going from strength to strength, so it’s great to see CentraStage, an inaugural LBB (see here), reporting over 50% revenue growth and a doubling of its headcount to over 40 employees in 2013. The outlook is also encouraging. Having described 2013 as a ‘pretty mental’ year for the company, CEO Christian Nagele told me earlier this week that he’s expecting 85% revenue growth in 2014.

It’s clear that CentraStage continues to punch above its weight with its cloud-based endpoint management software, which now supports over half a million devices across more than 1000 organisations. It signed a number of notable new customers in 2013 including Barking, Dagenham and Havering NHS Trust, Poundworld, Bathstore and a host of school districts in the US.

International expansion is also a key source of growth for UK-based CentraStage. The cloud-centric SME derived c25% of its turnover outside the UK in FY13 (up from a negligible amount in 2012) and expects that percentage to increase further in the year ahead, in part thanks to its OEM agreement with Panda Security (see the UKHotViews archive here). Going forwards we expect CentraStage to take on more OEM contracts, which see it provide a white-labelled global device management platform for anyone with a need to manage and monitor smart devices. Not surprisingly, SIs that want to offer a cloud-based endpoint managed service are high on Nagele’s target list.

Eligible TechMarketView subscription clients can read more on CentraStage’s 2013 performance and ambitions for the future in UKHotViewsExtra: CentraStage keeps punching above its weight. 

Posted by Tola Sargeant at '13:27' - Tagged: results   lbb