UK cloud services firm Hyve Managed Hosting has doubled its US business in a matter of months.
The company’s revenue has grown by 51% over the past three years, and earlier this year, Hyve set up a US hub in Austin, Texas, and a European hub in Berlin, Germany, in order to meet growing global demand for bespoke cloud services.
Since then, the firm has doubled its US customer base, and is looking to double its headcount in the US office in the next quarter.
The company is now projecting global operational growth of 50% year-on-year for the next three years – in both customers and turnover.
Hyve says it is seeing “huge demand” for its bespoke approach to building and maintaining cloud stacks. Buoyed by a shift in demand towards managed hybrid and multi-cloud environments, the provider has on-boarded 46% of its current customers since 2020.
The company’s global headcount has also grown by 33% in the past year to help accommodate the expanding customer base.
“The US continues to prove its status as a leader when it comes to considered cloud adoption, with the market already representing a large proportion of our revenue,” said Charlotte Webb, marketing and operations director at Hyve. “Meanwhile, our new Berlin office helps us seamlessly and securely serve EU customers, especially paying attention to helping them navigate compliance with data sovereignty and data protection regulations.”
Hyve also continues to offer managed VMware cloud services across all business units in its global network of data centres. The company was invited to the new Broadcom Advantage Partner Program as a VMware Cloud Service Provider at the Premier Partner level earlier this year.
Jake Madders, director and co-founder of Hyve Managed Hosting, said: “Despite the controversy surrounding VMware’s restructuring following Broadcom’s acquisition, we continue to see high demand for VMware-powered cloud services, particularly for private cloud. And the demand continues to grow."
