The accolade comes less than a month after one of the UK’s leading mid-cap private equity groups ECI Partners took a majority holding in the company, which secured a significant commitment to support XLN’s ongoing business development and acquisition programme. As a result, XLN will have the funds available to more than double the size of the business through acquisitions.
Founded in 2002, XLN specialises in providing small businesses in the UK with high quality, low-cost fixed-line, mobile and internet services. In the last three years, XLN’s revenues have grown substantially from £27 million in 2006/2007 to over £54 million in 2009/2010. In the last year, the company successfully acquired and integrated One Bill into its operations.
Christian Nellemann, founder and Group CEO of XLN, said: “XLN’s business proposition is simple: to be the UK’s leading provider of telecoms services to small business, through excellent customer services and competitive prices. To have this recognised not only by an esteemed panel of judges but our venture capital partners is not only a huge honour but acknowledgement of our winning formula.”