Crimsonwing, the international IT solutions provider, has reported “excellent progress” in the third quarter across all business units.

Year-to-date revenues to the end of the third quarter of Crimsonwing’s financial year grew by 25 per cent to €10.731 million, up from €8.577 in 2009. In an interim directors’ statement on Friday, the company said it had seen strong demand for its solutions, notably in Microsoft Dynamics and e-business solutions, and some significant client additions.

Year-to-date earnings before interest, tax, depreciation and amortisation grew by 31 per cent to €707,205, up from €540,000 in 2009.

In the third quarter, Crimsonwing became one of the first partners to attain Gold accreditation in Micro­soft’s newly revitalised partner programme for Enterprise Resource Planning and in software development. Microsoft significantly raised the criteria in the new partner programme, and the higher standard was achieved across all Crimsonwing companies.

After extensive market testing, Crimsonwing Promentum began a new operation in Belgium. Operating primarily under the Promentum brand for partner services, this business will offer consultancy services to Belgian Dynamics partners to be delivered by Crimsonwing Promentum Belgian nationals.

Consultants are now already in place and working on new clients, the company added. Crimsonwing’s Magento, the e-business practice, has continued to grow as the company invested in capability and gain new clients. The growing consulting and project teams have been deployed across Crimsonwing operations, in the country markets, particularly the UK and The Netherlands, and in the Malta solution centre.

Overall headcount in the combined practices now totals more than 40 consultants, making Crimsonwing one of the largest Magento Enterprise partners and with valued international experience.

New clients were also achieved on the Enterprise Intershop and Hybris platforms.

Marsa-based Crimsonwing plc has sales offices in the UK, The Netherlands, the US, and an ISO-certified solution centre in Marsa with a group headcount of more than 200 IT professionals.

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