Matt Newing is an ambitious tech entrepreneur with an excellent track record in building successful, national and international businesses, through both organic growth and growth by acquisition. As the head of six successful businesses, Matt continues to build, buy and integrate organisations into his superlative cross-industry growth strategy.
The Founder and CEO of Elite, Matt Newing established Elitetele.com plc in 2000 with just two staff members. Today, The Elite Group turns over circa £45m with over 150 staff and eight offices, including an office in Madrid.
With a growth strategy based upon innovation and acquisition, Matt has always had one clear aim in all of his businesses- to develop new products and services that add real value to the customer. His main motto is to ‘win at all costs’ and as a naturally competitive businessman, will strive to succeed and offer the best range of independent products that deliver real ROI.
Growing up, Matt was a natural leader and a bit of a wheeler-dealer, finding ways to make profit and calculate margin in the school playground. Matt always knew that he wanted to be his own boss and so it was no surprise that he set up his first company in 1996, when he was just 23 years old. Nowadays, along with leading Elitetele.com, Matt is also serial investor across a range of sectors including tech, property, data, and secondary ticket market. He has minority and majority stakes in various companies, both in the private and public sectors, and has a diverse portfolio of businesses including: Wi-Manx, digi.me, Vibe Tickets and Yubl.
Outside of the business world Matt avidly follows the world of F1, is a keen wake boarder, snow boarder and a general adrenaline junkie as well as a self-proclaimed ‘terrible golfer.’
Matt is an ambassador for the Princes Trust, an advocate of growth and a supporter for the progression of young people, inspiring a new generation and helping young people in business is one of his core beliefs. He is a big believer in giving back and supporting local communities, having donated considerable amounts to charity over the years, ensuring that charity is an integral part of the Elite Telecom culture. Matt was one of the founding members of the Manx Educational Foundation, further supporting the development of young people on the Isle of Man and he is currently involved in a project building 7 schools in Ethiopia, with the assistance of Action Aid, educating more than 2,000 children a year and giving them access to fresh, clean water and toilet facilities.
Matt and Elite Telecom
The birth of what is now Elite Telecom Plc came about during the deregulation of the telecoms market in the 90s, Matt Newing saw an opportunity to provide businesses with bespoke telecoms contracts and beneficial end-to-end multi-tier solutions instead of being shackled to one carrier. It is this impartial offering and consultative approach that has led to Elite’s success, and still continues to be the backbone of the company today.
More than five years ago, Matt began to notice an industry shift away from traditional fixed line services to virtual, next gen solutions. As a businessman who is always looking to solve problems and add efficiency, Matt made sure that Elite was an early adopter of IP, hosted telephony and big business connectivity solutions.
With his finger on the pulse and an ear to the ground of the unified communications industry, Matt works above the market finding ways to offer businesses what they need before they even realise they need it. Matt makes clear his goals in delivering powerful connectivity solutions that play a key role in business continuity.
“Business continuity is the future; it is no longer about ‘disaster recovery'.’”
The need to work ahead of the market spawned a highly successful acquisition trail, which to date added eleven strategic acquisitions under his belt. Elite Telecom is now unrivalled by any other outfit in terms of its product offering, delivery and one bill solution.Elite are on the look out for further aquistions, so please get in touch if you have a business in the technology sector and you are thinking of selling.
The Elite Culture
Matt’s big personality and unique work ethic has had a very positive impact on the Elite culture. Having mentored and personally developed all of his senior management teams, Matt believes that people are his greatest asset and continues to sustain the drive and determination in every person in the business.
As a result, Matt has built an environment that trains, supports and inspires its staff and always provides opportunities for progression. His funny and charismatic outlook has made Elite an enjoyable place to work and a company that people want to do business with. As he would say; ‘It’s not just about making money, it’s about the journey!'
With an eye for opportunity and a fast-paced, results-driven lifestyle, there is no slowing down for Matt Newing – as he says himself:
‘Success is a journey, not a destination, so make the most of it and enjoy it!’