FDM Group is the top performing private equity backed IT services company in Britain according to the recently released Sunday Times’ Buyout Track 100 list.
The league table ranks the UK’s one hundred mid-market private equity backed companies with the fastest growing profits over the past two years.
FDM’s ranking of 18 highlights the exponential growth of the company in recent years and CEO, Rod Flavell, said, “We are delighted to be recognised for our ongoing success, which is testament to the hard work and commitment of our staff. It just goes to show that despite the tough economic conditions we are facing, there are still companies out there doing extremely well.”
This is the third consecutive year that FDM, the UK’s largest IT graduate employer, has featured in the list, with the company debuting in 74th place in 2010 and rising to 38th place in the 2011 rankings.
Over the past two years, FDM’s profit has grown by 74% per annum from £5.5m in 2009 to £16.5m in 2011.
With a turnover of circa £100m in 2011, over 900 employees and eight offices worldwide, the international IT services provider has come a long way since it was founded in Brighton in 1990.
FDM’s large-scale international expansion has fuelled its financial success, with the New York office officially opened in early 2011 and an Asian expansion into Hong Kong and Singapore in full flight.
To date the company has trained over 3,000 IT graduates to become IT Consultants who represent FDM on technical placements across its 200 clients’ sites.
Rod Flavell continued saying, “Being in the top 20 is a huge achievement and we are determined to make 2012 FDM’s best year yet.”
FDM delisted from the Alternative Investment Market in 2010 with backing by Inflexion Private Equity, who now has a 61.5% stake in the company.
With ongoing innovation from its Board of Directors, FDM is set to continue its growth throughout 2012 and is on target to recruit 1,000 IT graduates this year.