FDM Group acclaims its place in the 2010 Buyout Track 100

Feb. 10, 2010 - PRLog -- The Buyout Track 100 league table rates private equity backed companies with the fastest growing profits over two years. Over that period, FDM Group profits have skyrocketed by 37.04% despite the current economic climate. FDM’s financial success has been accomplished through organic growth, coupled with the achievement of key objectives. The company has also attained substantial commercial success, through winning six awards in 2009. Furthermore, FDM has already bagged the silver award for ‘Training Department of the Year 2010’ at the IT Training Awards (IITT).

In 2008, FDM opened three new offices in Manchester, Zurich and New York, which delivered outstanding results in 2009. Last year, the company expanded their training centre in London by 300% to accommodate the growing demand for IT training and to fulfil service requests from clients. Plans for further expansion are underway and FDM is looking to hire 400+ aspiring IT Consultants this year to be trained in Brighton, London or Manchester and then placed at FDM client sites in the UK or abroad.

Commenting on the Buyout Track league table, Chief Executive Officer of FDM Group, Rod Flavell says:
“As one of the original Fast Track 100 private growth companies in 1997, it’s a fantastic achievement to be recognised again in 2010 as one of the fastest growth companies in the Buyout Track 100. In between those years, FDM has experienced life as an AiM listed company and is one of the few organisations to have successfully completed a take-private. This has been achieved with a core management team that has reinvested in the buyout, backed by independent private equity firm, Inflexion. Where we go next is the really exciting part of the project!”

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About FDM Group:

FDM Group is a global IT services company specialising in five core service areas: Development, Application Support, Testing, Infrastructure and Training. Founded in 1990, with its HQ in the UK and a further six international offices, FDM has over 450 employees and revenues of £52.2m. The company works with approximately 200 blue-chip clients including the BBC, Barclays, HSBC, The AA, BSkyB, Detica and British Airways. Over two thirds of FDM’s employees are trainee consultants, termed ‘Mounties’, who are trained via the FDM Academy Programme to become professional IT Consultants.