VANCOUVER – Independent telecommunication service provider Uniserve says that it has completed the biggest turnaround in its 28-year history after overhauling management and restructuring.
After naming Nicholas Jeffery as its new CEO in March, the company said that its promising third quarter financial results reflect a 25% reduction in operating expenses, a 36% increase in revenues and a 350% improvement in EBITDA versus its Q3 2016 results.
These results also include completion of one of the largest single enterprise orders in the company’s history, providing B2B technology and IT solutions to the Canadian headquarters of the Agricultural Bank of China, one of China’s top three financial institutions.
Uniserve added that it will accelerate its product expansion and continue to develop its B2B Managed Services platform, which includes the recent launch of new ‘Transit’ bundles that address the technology needs of small to medium sized businesses.
It also announced plans to expand its geographic footprint into the trans Canadian market, invest in new data center infrastructure, and create a smart buildings portfolio of connected devices and cognitive networks that learn from each other.
“In short, Uniserve has accomplished a lot in a year, and I am thankful to every one of my colleagues who made this possible”, said Jeffery, in the news release. “Their efforts mean going forward in 2017, we can focus on growing momentum in attaining our strategic goals. With the recent launch of our unique new Transit small business bundles, we can feel optimistic about our prospects. This quarter has shown Uniserve has taken another important stride forward.”
Uniserve delivers integrated voice, data and media services to over 13,000 customers within the residential, business to business and enterprise IT markets, currently focusing on Western Canada.
