{"id":9364,"date":"2020-12-02T19:16:24","date_gmt":"2020-12-02T19:16:24","guid":{"rendered":"https:\/\/acora2021arch.wpengine.com\/?p=9364"},"modified":"2024-05-24T14:52:34","modified_gmt":"2024-05-24T14:52:34","slug":"acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd","status":"publish","type":"post","link":"https:\/\/acora.s.nomatter.dev\/nltest\/news\/archive\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\/","title":{"rendered":"Acora acquires Cloud service provider Veber Ltd"},"content":{"rendered":"\n

IT Managed Service provider Acora Ltd completed its financial year 2020 in October, reporting strong revenue growth, a 40% like for like increase in EBITDA, and with the news it has concluded its first acquisition since receiving investment from Palatine Private Equity in April.
<\/p>\n\n\n\n

\u201cThe positive financial performance we\u2019ve seen this year reflects a balanced combination of organic and acquisition growth, which is in line with Acora\u2019s strategy. Our focus remains on growing contracted revenue through focusing on customer experience.  Contracted revenue increased from 70% to 79% of Acora\u2019s total revenue in 2020, and was strengthened by the signing of close to \u00a320M of new long-term managed and outsourced agreements.\u201d<\/p>Gary Page, CFO at Acora<\/cite><\/blockquote>\n\n\n\n

Acora specialises in the provision of managed services into the UK knowledge economy including sectors such as Legal, Financial Services and Insurance, also completed its acquisition of Veber Ltd<\/strong> in late September, adding further scale to its cloud capabilities<\/a>. Veber offers high-performance, high-availability cloud hosting to clients requiring tailored implementations, UK data residency, and excellent levels of technical support.<\/p>\n\n\n\n

\u201cVeber perfectly complements our existing private and public cloud offerings, and represents another positive contribution to our growth plans.\u201d<\/p>David Hemmings, Cheif Acquisition Officer at Acora<\/cite><\/blockquote>\n\n\n\n

\u201cIn a very challenging year for all, it is encouraging to see the continued growth of Acora in terms of our people, our customer success and ongoing acquisition activity. We have clear visibility and plans in place to repeat both our organic and acquisitive growth in FY21. This will be in parallel with launching our new value proposition to further support the client experience and positively impact our key sectors and segments. The Veber business brings with it a strong team, and 50 long-standing customers who will benefit from the wider offerings and scale that Acora can provide. We\u2019re confident we can continue  our strategy of adding good people, great customers and complementary capabilities as we add further scale in the months ahead.\u201d<\/p>David Rabson, CEO at Acora<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

IT Managed Service provider Acora Ltd completed its financial year 2020 in October, reporting strong revenue growth, a 40% like for like increase in EBITDA, and with the news it has concluded its first acquisition since receiving investment from Palatine…<\/p>\n","protected":false},"author":16,"featured_media":10498,"comment_status":"closed","ping_status":"open","sticky":false,"template":"full-width-single-post.blade.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"\nStrong Organic Growth & Acquisition of Veber Ltd - Acora NL Test<\/title>\n<meta name=\"description\" content=\"Acora reports strong organic growth, and latest acquisition of Cloud service provider Veber Ltd\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acora acquires Cloud service provider Veber Ltd\" \/>\n<meta property=\"og:description\" content=\"Acora reports strong organic growth, and latest acquisition of Cloud service provider Veber Ltd\" \/>\n<meta property=\"og:url\" content=\"https:\/\/acora.s.nomatter.dev\/nltest\/news\/archive\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\/\" \/>\n<meta property=\"og:site_name\" content=\"Acora NL Test\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T19:16:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T14:52:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/acora-staging.b-cdn.net\/app\/uploads\/sites\/5\/2020\/12\/Press-Veber-cloud.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The Acora Press Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Acora Press Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/\"},\"author\":{\"name\":\"The Acora Press Team\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/#\\\/schema\\\/person\\\/90ace47b87c23ca035fe2b7bcb298267\"},\"headline\":\"Acora acquires Cloud service provider Veber Ltd\",\"datePublished\":\"2020-12-02T19:16:24+00:00\",\"dateModified\":\"2024-05-24T14:52:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/\"},\"wordCount\":336,\"image\":{\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/acora-staging.b-cdn.net\\\/app\\\/uploads\\\/sites\\\/5\\\/2020\\\/12\\\/Press-Veber-cloud.jpg\",\"articleSection\":[\"Acora Archives\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/\",\"url\":\"https:\\\/\\\/acora.s.nomatter.dev\\\/nltest\\\/news\\\/archive\\\/acora-reports-strong-organic-growth-and-latest-acquisition-of-cloud-service-provider-veber-ltd\\\/\",\"name\":\"Strong Organic Growth & Acquisition of Veber Ltd - 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