Insights: Announcement

Kinetic IT claims leader award in CRN Fast50

Kinetic IT has claimed the 2016 CRN Fast50 Leader award, which recognises the largest company in the Fast50, as well as a ranking of 26 on the overall CRN Fast50 list, announced at the gala awards ceremony at the Hyatt Regency in Sydney on Thursday, which recognises the fastest-growing companies in the Australian IT channel, based on year-on-year revenue growth.

Kinetic IT, an Australian-owned and operated company, achieved organic revenue growth of $179.8 million or 43% for the 2016 financial year, off the back of the successful planned expansion into the East Coast.

Michael North, Kinetic IT’s CEO, says, “We’re honoured to be recognised by CRN as the Leader amongst an impressive group of companies. Our success is founded on the longstanding relationships we’ve built with both our customers and our staff – so we’re very thankful to them.”

CRN editor Steven Kiernan comments, “It was one of the most competitive years we have ever seen in the eight-year history of the CRN Fast50. I take my hat off to the fifty incredible companies in this year’s list. To achieve a place in the CRN Fast50, technology providers had to outpace the non-stop IT industry.”

“I am delighted to acknowledge the contribution they made to Australia’s economy and our vibrant IT industry. It takes an exceptional IT provider to achieve such fast growth in such a highly competitive industry. Appearing in the CRN Fast50 is a sure sign of innovation and differentiation.”

North adds, “Our industry is evolving at a faster pace than ever, which is why we’ve been laying the foundation for new service lines, including strategic technology consulting and a broader range of security services.”

“We’re proud of our growth, but also of our achievements with our customers over the past year. The impact we’ve been able to have not only on their organisations but also on the wider communities in which they operate is what makes us so passionate. We’re excited about the future,” concludes North.

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