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Thursday 27 April 2023

*UKHotViewsExtra* Telefónica Tech targets growth through secure digital enablement

Telefonica TechIt has been just over one and a half years since CANCOM UK&I was acquired by Telefónica Tech, creating the foundation for its UK business. With the Telefónica name more broadly known outside of UK shores, the business has been on a mission to improve its brand recognition and demonstrate the significant range of IT services and expertise it has to offer to UK organisations.

The company is targeting revenue to grow to £350m in 2026, representing annualised growth of c.20%. Telefónica Tech are aiming to do this through a strategy centred around ‘Secure Digital Enablement’, with 5 main solution areas; Cloud, Data & AI, Enterprise Applications, Modern Workplace and Cybersecurity.

Healthcare is seen as one of the largest target markets for growth, with Financial Services also a strong focus area. The business also has a significant presence elsewhere in the Public sector, with a strong client base in Police and National Security and in Central & Local government, as well as across Manufacturing, Retail and Construction. Customers include Virgin Money, Heathrow airport, Oxford University hospitals and event and travel provider Reed & Mackay.

TechMarketView subscribers, including UKHotViews Premium subscribers, can read our further analysis of Telefónica Tech’s business and growth plans in: Telefónica Tech targets growth through secure digital enablement

If you aren't a subscriber – or aren't sure if your organisation has a corporate subscription – please contact Deb Seth to find out more.

Posted by: Simon Baxter at 09:21

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