Claranet has been ranked the 56th most profitable privately owned business in the country according to The Sunday Times BDO Profit Track 100 published April 10th.
The MSP has increased its profits by an average annual rate of 72% since 2012.
Claranet also appeared in The Sunday Times' FastTrack series, taking 118th place in The Sunday Times International Track 200 last year.
Celebrating its 20th anniversary this year, Claranet has evolved into a full service managed services provider with a presence in six European countries.
Charles Nasser, CEO of Claranet, commented: "Financial strength is core to our value proposition as a managed services provider and is critical if we are to secure the trust of our customers.
"Our ability to adapt to better suit a constantly changing market has enabled the business to improve profitability, securing its financial strength. By balancing fiscal responsibility with technological innovation we have been able to grow the business sustainably over our 20-year history.
"The combination of our strong local presence and international reach means that our business has been consistent in its growth both organically and through acquisition in Western Europe."