A TECH business has increased its global revenue by more than 50 per cent in the past year.

Hyve Managed Hosting is a web hosting business run by a team of 20 from its office in Richmond Parade.

It has reached a number of major business and technology milestones in 2018.

This has been its most successful year since the company was founded in 2001.

Last month, Hyve was also named Cloud Company of the Year at the VC Awards at a ceremony in London.

Director Jake Madders said: “Hyve has made tremendous progress in 2018with significant growth in the UK and USA.

“This has been possible because we’ve kept our business ethos at the heart of everything we do, which is to ensure we understand our customers and give them the very best service possible.”

Key achievements include Hyve’s expansion into the US and South American hosting and cloud markets, establishing its presence across 35 data centres.

Hyve is offering US customers a range of hosting, managed cloud services.