(PRWEB UK) 15 April 2013
XLN Business Services, the small business specialist, is the fastest growing telecoms company in the UK according to new research. XLN has appeared in The Sunday Times Profit Track for the 3rd year running listing this year at #89. Fastrack in association with The Sunday Times ranks Britain's top 100 private companies with the fastest-growing profits, based on their latest 3 years of available accounts.
XLN has had phenomenal growth over the last year, expanding beyond its discount phone line roots to provide small businesses with low cost broadband, fibre, card processing, energy, insurance and mobile.
Christian Nellemann, founder and Group CEO said: “We are delighted to be listed for the 3rd year running. Small businesses need us now more than ever to cut their ever-rising costs and we give business owners fast and efficient service at low prices - which is why 130,000 have left other providers and joined XLN. With our new services, we are looking to expand our mission to help small businesses in the UK save money on essential business expenditure and enjoy the savings that hereto only the larger companies have enjoyed.”
ECI Partners, a leading mid-market private equity firm, invested in XLN alongside management, acquiring a majority stake from Zeus Private Equity. The additional investment from ECI gives XLN considerable financial resources to act as a key consolidator in its market.
For more details and interviews please contact:
James Wilson on 0-207-793-5517
About XLN Group
XLN is the small business specialist. XLN Ltd. was founded by Christian Nellemann in 2002 as XLN Telecom. It is located in London, United Kingdom and supplies business phone lines and business broadband to more than 130,000 customers. Deregulation of the UK Telecom’s industry enabled XLN to offer an alternative phone service to BT™ at a considerably lower cost.
XLN’s founder and CEO was first recognised as Ernst & Young’s Entrepreneur of the Year in 2006 for Technology and Communication, winning again in 2010. XLN has also been a National Business Awards Finalist for 5 years: 2004, 2005, 2006, 2009, 2010 and 2012.
In 2007 and 2008, XLN was ranked on the Sunday Times Tech Track 100 survey of the 100 fastest growing technology companies in the UK and in 2011 and 2012 was listed as in the Sunday Times Buyout Track 100. In 2010 and 2011, XLN also won British Venture Capital Association (BVCA) awards for ‘Best Private Equity Backed Management Team’.
More details at: http://www.xln.co.uk
About ECI Partners
Originally founded in 1976 as Equity Capital for Industry, ECI is one of the longest established private equity groups in Europe. ECI specialises in buyouts, buy-ins and development capital deals of between £10 million and £150 million.
ECI is owned by its team and manages private equity funds with a capital base of over £880 million and has provided funds for over 250 companies.
In December 2008, ECI raised ECI 9, a £437 million fund and ECI’s ninth buyout fund. This fund exceeded the original £400m target in just three months with over 90% of the capital being committed by existing ECI investors.
ECI’s other notable investments in the TMT sector include Ascribe (healthcare IT), ClarityBlue (data analytics), Fourth (vertical market SaaS), Wireless Logic (M2M communications), Clinisys (healthcare IT) and NCC Group (software escrow and security).