Monday, 28 September 2026

Where technology leaders come to think out loud

Ursula Morgenstern
Image: Littlefish Group

The VETTDD 50 · UK IT channel · 2026MSPs & integrators

No.17

Ursula Morgenstern

CEO, Littlefish Group · littlefish.co.uk ↗

The former Atos UK chief executive now runs Littlefish, a Nottingham MSP of about 900 staff, and has set it a target of growing revenue from about £80m to £150m in three years

approximate revenue, per Littlefish
£80m
revenue target within three years
£150m
staff after the Stripe OLT deal
900
chief executive since
Sep 2024

Ursula Morgenstern became chief executive of Littlefish in September 2024, taking over from Steve Robinson, who had run the Nottingham managed service provider for nearly 14 years. She came from Cognizant, where she was president of growth markets, after more than 18 years at Atos that included running its businesses in Germany and in the UK and Ireland.

From MSP to services group

Littlefish, backed by Bowmark Capital since 2022, has renamed itself Littlefish Group to reflect four lines of business: managed services, cybersecurity, digital solutions, and data and AI. It is concentrating on three sectors: health, energy and utilities, and financial services. Ireland came first, through the 2024 purchase of Microsoft consultancy Storm Technology, shortly before Morgenstern arrived. In June 2026 Storm’s co-founder and long-standing chief executive, Karl Flannery, moved into a group role leading Microsoft strategy, with a new managing director running Storm in Ireland.

In February 2026 Littlefish bought Stripe OLT, a Microsoft-focused cybersecurity specialist offering managed security, threat detection, penetration testing and security operations center (SOC) services. The deal took the group to about 900 staff. “This acquisition is a decisive step in how we scale the business,” Morgenstern said. In September Littlefish added AI-driven incident triage to its SOC through a partnership with ContraForce.

The route to £150m

In a company summary of her January 2026 appearance on TechMarketView’s podcast, Littlefish says Morgenstern reaffirmed a plan to grow revenue from about £80m to £150m within three years, through a more scalable sales engine, organic growth and selective acquisitions. She also said the group would walk away from deals where the culture does not fit.

Why it matters to the channel

Littlefish is applying big-company operating discipline to a mid-market MSP. Its move from end-user support into security and data work mirrors what many UK MSPs are attempting, and its sector focus is a bet that specialist knowledge of hospitals, utilities and banks will win work that generalists can’t.

Morgenstern has made an acquisition that deepened Littlefish’s security work and set out a plan to nearly double the business in three years.

Ursula Morgenstern’s leader profile →The full 2026 list →