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Revenues fire up growth

Managed IT services firm The Academia Group, has reported continued momentum in 2020/21 with strong year-on-year revenue growth, strategic customer and market expansion and prominent industry recognition. 

In the fiscal year ending December 31, 2020, sales grew 17% over the same period in 2019. Profit in the same timeframe leapt from £754k to £1,629k, and profit margin also increased by 79%. 

The company has also strengthened its finance team with the appointment of a new Finance Director, Paul Nikolov, whose career spans a number of industry sectors notably eCommerce and IT services. 

Academia Technology Group began as an IT reseller selling to the education and public sectors through government frameworks. In 2019 the company and all subsidiaries, were acquired by Strive Capital, a capital investment company owned by Andrew Harman, the founder of Annodata.