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  • News

    Korolit becomes a member of the ‘Gartner Research Circle’

    Gartner Research Circle is the voice of selected business decision makers. Participating members have a unique opportunity to provide input and opinions on a variety of IT and other business-related topics. Insight gathered from Gartner Research Circle will: Help Gartner to capture the pulse on hot topics and current IT and business issues Enable Gartner to make informed decisions on the research that we deliver Give members insight into what their peers are doing to help gauge performance and plan

  • Business Development,  Managed Services,  Strategy

    The future of managed services

    Introduction In our last article (https://www.linkedin.com/pulse/outsource-managed-service-anthony-king) we outlined the differences between outsourcing and managed services and concluded that they have converged to so much that are now essentially the same thing. We also highlighted the tremendous growth opportunity in the mid-market. In this article we are going to take a closer look at that opportunity and to provide some notes for consumers to use to assess their potential partners are, and a few thoughts for managed service providers on where they need to focus their attention. “This is the future of our company” says cloud services provider, Rackspace, as it announces it is returning to its ‘fanatical support’ roots in managed…

  • News

    Website upgrade

    On 24th September at 14:16 hours we applied around 20 updates to the website platform, including an analytics upgrade which required a very brief outage, just 5 seconds in total! This is largely down to our decision earlier this year to upgrade the entire website platform to WordPress and our very skilled in-house web engineer!

  • Business Development,  Managed Services,  Strategy

    Outsource or Managed Service?

    Introduction In recent years the differences between outsourcing and managed services have become much more difficult to resolve as IT service providers have progressively offered more sophisticated, and a broader ranges of services, to meet new client demand, technology developments and to compete more effectively for new business. In this article we take a look at these two approaches to see what the remaining differences are! In a follow-on article we will then take a much closer look at the future of managed services, particularly in a high-growth mid-market. Outsource vs. Managed Service? If you ask 10 people to define ‘Outsource’ and ‘Managed Service’ you will probably get 10 different…

  • Investment

    Choosing the right VC firm is key to your success!

    Introduction In recent years there have been some incredible success stories for start-ups that have had an accelerated growth into very large and profitable businesses, including Snapchat, Uber, Whatsapp. Even well known global businesses such as Facebook, LinkedIn, Box and Dropbox are still relatively new! The vision and skills of the entrepreneurs that created and built them are both celebrated and highly envied. The venture capitalists that had the incredible insight to invest heavily in them have cultivated a reputation of having a 6th sense in identifying the next success story. It reads like a compelling story of bold investments and awesome returns. The reality is a bit different! More…

  • News

    Korolit New Office & Phone System

    Offices In July 2015 we established a separate Registered and Head Office for Korolit. The new Registered Office in Bedford reflects our company’s recent move to Thompson & Co Chartered Accountants (www.thompson-accountancy.co.uk). The change makes it easier for us to manage our internal back-office systems and deal with both HMRC and Companies House communications. The existing Head Office will remain in London, and as we continue to grow we will continually review alternatives as our needs change. The contact details and the two addresses are on this website on the contact page and below:   LONDON Head Office ​145-157 St John Street, London, EC1V 4PW BEDFORD Registered Office Sterling offices, 30 A Mill Street, Bedford, Bedfordshire, MK45 3HD   Phone…

  • Communication

    Website Analytics – July 2014 & July 2015

    We regularly take a look at the Korolit ‘on-line’ audience to understand and adapt our presentation. A key change at the start of this year was to integrate the website and blog and provide a more detailed breakdown of our services. This month we compared a ‘snapshot’ of July 2014 to July 2015 and discovered a few interesting things about our developing audience! The number of countries regularly browsing the site has almost tripled in the last year. Interestingly the ratio of each country has changed. A year ago the UK was in top place but has now fallen to third place behind Russia and the USA. Chrome use has…

  • Business Development,  Strategy

    A Nation of Shopkeepers!

    Introduction Since 2000 the rate of growth of Small and Mid-sized Enterprises (SME’s) in the UK has been both dramatic and sustained. There were over 5.2 million SME’s at the start of 2014, the first time the business population had exceeded 5 million! SME’s underpin the UK economy by employing over 15 million people, which equates to 48% (12.1 million) of UK private sector employment. UK SME’s also generate an annual turnover in the UK of £1.6 trillion which is around 33% of private sector turnover. This post has also appeared on our website (https://korolit.com) and provides a few statistics to highlight the importance of these businesses to the UK…

  • Communication

    Korolit Social Media Analytics – June 2015

    On Fridays we often share an update from our on-line analytics. This one is a bit larger than usual to reflect the work being progressed hence it appears as a LinkedIn post here, and as a ‘Communication’ on the Korolit website. Last night our active audience for https://korolit.com pushed passed 100 countries in over 60 languages. 91% of these are new visitors, with 85% coming in direct to the home page and just over 10% directly to the Blog section on the website (https://korolit.com/blog-articles/). 65% of all visitors in May were direct and this has reduced to 45% in June as referrals from Twitter (35%) and LinkedIn (20%) start to build. Interestingly…

  • Business Development,  Managed Services,  Strategy

    A BIG Opportunity!

    Introduction The global managed services market is expected to grow from $107.17 billion last year to $193.34 billion by 2019 at an estimated CAGR of 12.5%. This growth rate is largely being driven by advancements in cloud computing, big data and mobility services. These new ‘outsourced’ services are enabling organizations to bring in competences they previously lacked, reduce recurring in-house IT costs by up to 30-40% and to generate a potential 50-60% increase in efficiency. Not surprisingly external managed services are high on most CFO’s list of options to reduce costs, and many IT resellers have been actively moving to meet this opportunity by adopting more services centric models. However,…

  • Investment

    A Good Time To Invest?

    Introduction According to the Enterprise Research Centre small businesses in the UK are growing at their fastest rate in seven years with the UK’s population of small and medium-sized enterprises (SMEs) growing at its fastest rate of growth since the financial crisis in 2008. Since the financial and economic crisis in 2008, around 13 million jobs were lost in the UK, according to ERC figures. However, net private sector job creation turned positive last year, as 13.4 million jobs have been created in the last seven years with more than 600,000 new jobs added in 2014 alone! IT is also going through tremendous growth with global spending on IaaS expected…

  • Investment

    Choosing the right investor for your business

    Introduction The ‘Prequin Global Private Equity & Venture Capital Report’ recorded that last year 994 Private Equity funds managed an estimated $3.8 trillion of corporate assets, with another $1.2 trillion of ‘Dry Powder’ waiting to be spent! It also highlighted that 2014 saw over $400 billion invested and over $500 billion of successful exits. That’s up from previous years. If you are considering getting some investment into your business It would certainly appear to be a great time to do it! The type of funding vehicle and the associated terms will vary depending on whether you are looking for funding for a start-up, or to help accelerate the growth of a…

  • Business Development,  Strategy

    Survive, Thrive, Survive and Nosedive

    Introduction Many new businesses build a financial forecast that shows a steady rate of growth after their initial launch date. In the IT sector these predicted growth rates for application start-ups are often much more aggressive to reflect the viral nature of the market that companies such as Facebook, Dropbox and Uber operate in. This is often referred to as a ‘Hockey Stick’ model of growth. Many companies find that after a period of success their growth rate then starts to slow down and more closely reflect what is referred to as an ‘S-shaped’ curve. The reality is that this slowing down of growth rates can eventually lead to a…

  • Business Development,  Investment,  Strategy

    Will my business be the next Unicorn?

    Introduction The IT market has spawned some hugely successful businesses such as Facebook, Uber, Snapchat, and LinkedIn. With the memory of the last recession now fast fading IT is once again centre stage with investors keen to find the next success story. There are more start-ups being launched every year and more investment being made available. Company valuations are also on the rise with more than 30 technology companies in Europe now worth more than $1bn (£590m). Europe actually compares well to the US, which produced 39 billion-dollar companies between 2003 and 2013. These high growth startups are being referred to, as “Unicorns” as they are extremely rare! The 30…

  • Communication

    Apr-May 2015 – Social Media Statistics

    Probably a good time to share a few statistics on our Social Media channels as we’re now over a month on from our website and blog integration. Looking at the Google Analytics report 93% of Korolit website and blog visitors are viewing it for the first time compared to 44% a year ago. Interestingly a 96% are still logging on via a desktop which is a bit higher than the same period a year ago and despite a backdrop of a move to mobile! Perhaps it is taking people a bit of time to try the new WordPress based mobile site capabilities? There are an even number of both sexes…

  • Investment

    Time to sell/invest

    Introduction Perhaps you have spent the last few years working hard to build your business and are now looking to sell it to relax and spend some quality time with the family. Alternatively you might be looking to attract some investment to support an expansion, acquisition or diversification. Whatever the reason you will need to determine the present and projected future values for your business. Historically the calculation was a fairy straightforward one based on turnover, costs and projected growth but today there are a number of ways to come to a value. Regardless of the mechanism adopted it still holds broadly true that any business is worth is precisely…

  • Business Development,  Strategy

    Building your Board Team

      Introduction For any team event in sports the selection of people to work together is absolutely critical and the same applies in business when you start a new venture. Get it right and you will have a much better chance of a success and funding, get it wrong and you will really struggle regardless of how great the business is. This article is directed at start-ups but most of the the principles apply to any size of company. If you would like to discuss any aspect of this article, or would like some guidance on your own business please contact us for an informal conversation. Composition Firstly, don’t give…

  • Communication

    Nepal Earthquake Donations

    The earthquake that struck central Nepal between the capital, Kathmandu and the city of Pokhara on April 25 has had a devastating impact, thousands have died and people have also been injured and killed in India, Bangladesh, Tibet and on Mount Everest, where avalanches were also triggered. Paypal are waiving all fees for donations and we made our donation this morning. Can you please donate and share this link to encourage others to do likewise: https://lnkd.in/eusNiFU

  • Investment

    Investors & Data Rooms

    Introduction Were enjoying a period of expanding markets and high levels of corporate activity with many companies looking to take-on investment and acquire other businesses. In almost all case the first step will be a Due Diligence (DD) exercise to re-assure the investor that their money will be wisely invested and spent. DD exercises are highly demanding and it makes sense to be as prepared as possible in advance. This article provides an overview of the market, the approach to DD and the types of data you will need to consider. A few numbers… First a few statistics to set the scene: Global merger and acquisition activity hit $3.5 trillion…