Cloud Service Adoption: Wragby Records 450% Revenue Growth in 2021

Wragby Business Solutions & Technologies Limited, a leading indigenous technology company, has delivered record-breaking services revenue growth by 450% year over year (YoY) in 2021.

The Lagos-based Wragby Business Solutions and Technologies Limited, is a leader in cloud technology with service offerings such as Managed Services, Cloud Scale Analytics, Data Modernization, Artificial Intelligence, Modern Workplace, Hybrid Cloud Services and Business Applications.

Dr Oluyomi Alarape, the Managing Director and Chief Executive Officer of Wragby, during a recent chat with IT news Editor, said these were achieved following Wragby’s relentless focus on creating industry-leading products and services, measured against global benchmarks of industry excellence.

Speaking on global cloud computing growth, he said, “the global ERP market is projected to reach $93.34B USD by 2028 at a CAGR of 9.2% during 2021-2028 (Source – Fortune business insight). There is an increasing need for a cost-effective solution for businesses to improve their operational efficiency.

More than ever before, there is increasing demand for remote working, automation of manual processes and approvals, and strengthen financial reporting as the need for governance is not only for regulators but has become a requirement for small businesses to access loans, etc”.

With reference to Wragby Bizmanager, Alarape said the adoption has been on a double-digit growth trajectory as it offers cost-effective financial management, and inventory management, supply chain management, customer data management, human capital management, procurement among others.

In his words; “Wragby Bizmanager removes the complexity in ERP implementation with a faster time-to-value for the customers and as a cloud-based ERP solution empowers the existing and prospective customers to increase their operational efficiency, reduce existing risk to business operations/continuity while positioning the business for desired agility and growth.”

Speaking specifically on the financials, Akin Ayodele, the General Manager, Digital Advisory Services at Wragby said, “the twelve-month period ended 16th December 2021 was a significant year for Wragby Business Solutions” delivering world-class services to over hundred and sixty-five (165)  customers representing various industry verticals and cutting across the small, medium and enterprise business segments. Our Financial year 2021 YOY revenue grew 450%.

L-r: Akin Ayodele, GM Digital Advisory Services, with Oluwadamilare Ibrahim, Head Software Engineering & ProDev.

“This exponential growth couldn’t have been a reality without the motivation from our QUINTIPLE vision.

This vision focuses on continuous differentiation of our services, offering first-in-class products (built by Wragby) to our corporate and small business customers while offering other value-added services to businesses across Industry verticals (Financial services, oil and gas, manufacturing, pharmaceuticals, aviation, public services and more).

“We are excited about the future for the business – we have a strong team and are uniquely positioned to continue our successful upward trajectory as we lead the way forward in technology and enter our next phase of strategic growth.

“Our customers and partners are at the heart of our business, and we are very intentional as we are better positioned to deepen the value we bring to our customers and at the same time onboard intending partners to join our Wragby Partner Network (WPN) so we can work together to serve our customers better.

“We are currently signing up our first 50 partners and encourage everyone interested partner to take this opportunity to be part of something transformational with great rewards. Sign up here.”

The internationally organization company’s decision to assiduously work towards ISO 27001 accreditation demonstrates the team’s commitment to continually improving products and services.

To become ISO/IEC 27001:2013 compliant, Wragby team underwent an extensive company-wide audit that included quality management system development, a management system documentation review, pre-audit, initial assessment, and clearance of non-conformances.

ISO certification is one of the most rigorous and well-regarded international standards in the world.

The Wragby team were audited by PECB and were presented with their certificate in February 2022.