|By Marketwired .||
|June 9, 2014 12:45 PM EDT||
TORONTO, ON and NEW YORK, NY -- (Marketwired) -- 06/09/14 -- OnX Enterprise Solutions, a leading enterprise data center IT solutions provider, today announced record growth in FY 2014, which closed on April 30, 2014. Compared to FY 2013, earnings before interest, taxes, depreciation and amortization (EBITDA) more than doubled in both OnX Canada and OnX U.S., and OnX's Managed Services division exceeded earnings expectations for a second year in a row. In addition, OnX's U.K. operation continues to expand to meet the business needs of global and European customers and Momentum, the company's digital solutions division, also continued its strong growth trajectory, developing actionable digital strategies and experiences for enterprise clients. With OnX's successful financial performance in 2014, it will continue investing in its cloud and data center solutions, technical talent, and new services for clients.
"We're excited about our sustained growth across both the U.S. and Canada and we strongly believe that when we help clients succeed, we prosper, which is what makes our solid performance this year, across all divisions and all regions, even more meaningful," said Mike Cox, CEO, OnX Enterprise Solutions. "This growth clearly validates our successful approach in bringing together a unique combination of exceptional people, dynamic processes, and innovative technology to help clients win."
OnX's strong financial performance in FY 2014 is also due to its award-winning partner relationships with industry leading manufacturers. Combined with the expertise of the OnX technical and professional services teams, these manufacturers play a key role in the development of custom solutions for OnX's clients.
Over the last few years, OnX has worked diligently to adapt to the rapidly changing and growing IT landscape by providing highly flexible enterprise infrastructure solutions from traditional IT to As-a- Service solutions that provide a higher level of managed IT. OnX offers an end to end solution managing mission critical workloads in clients' data centers, in OnX data centers, or a hybrid model in multiple facilities for Disaster Recovery. To date, OnX has deployed its Managed Services offerings in some of the most challenging IT environments including mission critical deployments in healthcare, financial services, telecom, and retail.
"We're very proud of our accomplishments, including a solid financial performance which is a direct result of a company-wide shift to develop innovative solutions for today's changing IT landscape," said Paul Khawaja, President, OnX Canada. "Our approach to providing traditional IT solutions and As-a-Service offerings is a clear market differentiator for OnX and is well suited for clients who want creative customized IT solutions that help them improve operational efficiency, minimize IT risk, and support their growth initiatives. We have addressed these needs head on and are leading the industry as a result."
The OnX Approach
OnX understands its customers' business and IT goals and applies technical expertise of both traditional and As-a-Service solutions to best solve clients' unique IT challenges while expanding their opportunities for success. OnX designs solutions available from a complete portfolio of hardware, software and services to help companies accelerate growth, reduce costs and create competitive advantage. The company's flexible delivery model allows clients to consume technology the way they want to consume it based on their business goals.
About OnX Enterprise Solutions
OnX Enterprise Solutions is a leading global provider of end-to-end IT solutions. The company designs, builds and manages complete data center environments comprised of multi-vendor offerings in four core areas: Technology Solutions, Managed Services, Digital Application Services, and Professional Services. For more than 30 years, OnX has helped clients achieve exceptional business results that accelerate their growth and value. OnX's team of more than 600 IT professionals work at OnX offices throughout North America and Europe, with global headquarters in Toronto, Canada, U.S. headquarters in New York, NY, and U.K. headquarters in London, England. OnX is a privately held company and majority owned by Marlin Equity Partners. For more information, visit: www.OnX.com.
For more information, contact:
New Venture Communications on behalf of OnX
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