Memset G-Cloud revenue increases by 38%

With total G-Cloud CloudStore spending topping £18.2 million, with a spike in sales recorded in March according to the latest statistics, early IL2 accredited IaaS supplier, Memset have revealed that their G-Cloud revenues have too been boasted significantly in the last six months. 

With notable wins from The Cabinet Office, GDS and Home Office have seen Memset’s G-Cloud revenues increase by 38% over the last six months. G-Cloud sourced accounts are now responsible for over 4% of the company’s total revenues.

Kate Craig-Wood, MD of Memset said: “It's great that G-Cloud is starting to work. Only a year ago we had negligible public sector business, and the explosive growth we are experiencing in that area is proof that G-Cloud is helping government make good on its promise that 25% of business will go to SMEs.”

With the third iteration of G-Cloud framework, Giii, due in May, Kate Craig-Wood said: “We’re really excited about the third iteration of G-Cloud. There had been some teething problems with the first two iterations, but now those kinks are worked out I hope that we will see an increase in the rate of new suppliers joining the marketplace." 

"In relatively slack times with the lingering recession this boost from public sector business is especially welcome. What's even better is that by most accounts our government customers are paying perhaps a tenth of what they would have been charged under the old regime. It really is a win-win for government and SMEs.” concluded Craig-Wood.

Memset is currently pursing IL3 accreditation putting them into a strong position to secure even further business in the CloudStore in the near future, especially with the government’s target for half of all new IT spending to be on public cloud services by 2015.

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