Sumo revenue jumps 40% as it eyes more acquisitions

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Sumo Group has reported revenues of £68.9 million for its last financial year, a growth of 40.7% over the year before.

The UK development group’s adjusted EBITDA was £16.5 million, a rise of 17% over the year before. Gross profit is up 31.5% year-on-year from £23.9 million to £31.5 million.

The company’s cash is down to £6.8 million from £12.9 million, following a number of acquisitions over the past 12 months, including developers Lab42 and PixelAnt, plus the $100m acquistion of Pipeworks.

Employee count has grown from 766 to 1,043 employees, and 15% of that growth has come

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