[Via Satellite 03-15-2016] Last-mile satellite broadband specialist Satellite Solutions Worldwide Group reported an increase in revenue of 36 percent to 7.5 million pounds ($10.6 million) for the 15-month period ended Nov. 30, 2015. Organic sales increased year-on-year by 18 percent to 6.5 million pounds ($9.2 million), and subscriber numbers increased from 11,000 to 25,000. During this time, SSW closed four acquisitions, raised a gross 2.25 million pounds ($3.2 million), and completed the reverse takeover of Cleeve Capital.

“The admission to AIM (part of the London Stock Exchange) in May 2015 gave the funding and profile necessary to accelerate our roll up plans as we drive to become Europe’s largest satellite broadband provider,” said Andrew Walwyn, CEO of SSW. “I am especially pleased that, in addition to organic year-on-year sales growth of 18 percent, we are firmly on target with our acquisition strategy, allowing us to grow at a record pace. We now have a solid foundation for profitable, cash generative organic and acquisitive growth throughout our target European markets in 2016 and beyond.”