Sabeo shows growth as 2003 revenues jump 64pc


30 Jan 2004

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Sabeo Technologies, the enterprise IT provider, grew its revenue by 64pc last year over 2002 results. The Dublin firm, which specialises in high availability and data protection systems, announced revenues of €10.8m for the year ended 31 December 2003, up from €6.6m for the previous year.

In a statement announcing the results, the company said its overall revenue growth was due to a focus on its core skills in Unix systems, high availability solutions and storage.

Professional services revenues were stable during the year and then rose noticeably in the fourth quarter. Revenues from Professional Services and software combined were €2.5m, accounting for almost 25pc of the business.

Throughout the course of 2003, the company was involved in several deals worth in excess of half a million euro each. Highlights included a number of projects with Vodafone, a large system installation at IIB Bank, an infrastructure deal with Superquinn and a state-of-the-art clustering contract with AIB capital markets. Sabeo was also involved in rolling out touchscreen kiosks to Fás offices around the country.

Founded in 2000 by staff with many years’ experience in the enterprise computing sector and Unix arena, Sabeo provides this expertise directly to customers or through subcontract agreements with other IT providers. The firm, which now employs 25 people, also delivers technology consulting in the storage, data management, and backup and recovery areas.

For the next 12 months, the company will concentrate on its core areas although it has identified Linux as a growth market, according to Sabeo director Paul Goti. As the open source operating system becomes more widely adopted in the enterprise space, organisations will require comprehensive support, he said. “We’re going to put a big focus on it in the coming year,” he told siliconrepublic.com.

The company will also look to provide its integration services to the UK market in 2004. The kind of service established through deals such as the AIB project can be packaged and sold in that market and Sabeo’s technical accreditations with software vendors such as Veritas will give it business opportunities there, Goti added.

By Gordon Smith