DSP drives up its share of the Database MSP Market with record contract growth and 2nd acquisition
DSP firmly established itself as one of the UK’s fastest growing proactive Database MSPs during 2016, signing £2.1m of new contracts and making its second acquisition, the Oracle DBA support division of IT Services provider ITSB.
Signing up 75 new clients, receiving further investment and launching ‘2CI’, an automated cloud platform for continuous database improvement & modernisation, ensured that 2016 was an exceptional year according to DSP Chairman, Simon Goodenough:
“We are extremely happy with the company’s performance during 2016, and in particular the recent acquisition of ITSB's Oracle DBA Support business, which had clearly been built on solid foundations; it has given us a number of high-quality accounts into which we can sell our pro-active DBA support services and data management cloud services, whilst firmly fitting into our 2017 goal to derive at least 80% of gross margin from long-term annuity contracts.”
Acquisition activity and investment has also enabled the introduction of PostgreSQL, MongoDB & MySQL into dsp’s support portfolio, and the integration of automation tools such as Puppet & Chef, all of which perfectly fit with the company’s Cloud & Continuous Improvement roadmap to enable always-on, fully-optimised database architectures.