Executel on course to double turnover
Apr 24 2008 by Andrew Mernin, The Journal
A COMMUNICATIONS firm has revealed plans to double its revenue to £15m in two years after completing a lucrative deal to take its technology into 34 different countries.
Gateshead-based Executel, which provides voice and data technology, has just completed the £130,000 first phase of a deal with £229m-a-year components company Sumitomo Electric Wiring Systems Europe (SEWS-E).
The contract, which is likely to be followed by an even more lucrative second phase, will see Executel connect the company’s 34 branches which span Europe, Africa and Asia.
The firm expects to see its revenue double to £15m by 2010 on the back of this and various other deals – which include contracts with clients in the United States, Spain and Gibraltar.
Meanwhile, the business is currently in the process of doubling the size of its headquarters near the Gateshead MetroCentre to 6,000 sq ft to incorporate a new sales showroom. Executel account manager Stephen McNickle said the company had battled against global competition to land the SEWS-S deal, which was carried out in partnership with mobile technology group Mitel.
He said: “After beating off stiff competition from global communications giant Avaya, we – in partnership with Mitel – have provided them with a complete IP solution and with it laid the foundations for future deployment and growth.
“The SEWS-E installation project itself has been a complex one but one that has not only enabled us to extend our reach outside the UK into Europe and beyond but has also provided us with a fantastic yet challenging opportunity.”
Martin Boam, network administrator at SEWS-E, said: “Working closely with Executel has allowed us to maximise the benefits of our Mitel investment and introduce a voice network with the scalability to support our plans for future growth.”
Executel, which was established in 1997 and currently employs 39 people, expects to create 15 new jobs over the next two years to accommodate growth at the firm.
