Reading: Redstor named one of LSE’s most inspiring British companies

Redstor, the Reading-based global provider of cloud-backup and disaster-recovery software and services, has been included by the London Stock Exchange in its 1,000 Companies to Inspire Britain report. Now in its third year, the annual report identifies some of the fastest-growing and most-dynamic small and medium-sized enterprises in the UK.

Founded in 1998, Redstor has seen significant growth and continued success. In January 2016, it announced a 20% increase in its gross profit as well as a 50% increase in its development team. Redstor now has over 300 partners worldwide and its end-users number over 25,000.

In September 2015, Redstor acquired South African software-developer Attix5. The deal, which was completed for an undisclosed sum, saw it develop from a UK-based cloud-services provider into an international software-and-services business with over 70 staff and three global offices.

Following the publication of the report, Paul Evans, Redstor co-founder and CEO, commented: “We are extremely proud to be flying the flag for UK enterprises. Within the next year we will be investing in expanding the team, our partner network and our customer base within and beyond the UK.”

Writing in the report, chancellor George Osborne said: "UK high-growth businesses are leading the charge in rebuilding our economy. These companies are the backbone of the British economy. They create high-quality, well-paid jobs, innovate and drive economic growth." 

Xavier Rolet, chief executive of the LSE, said: "The success of such companies must be highlighted and their growth properly supported with appropriate finance."