American dream for IT security firm
IT security company NCC Group is reported revenues at £115.3m, up 15% on last year (April 2014: £100m).
In its trading update covering the 11 months from June 1 2014 to April 30, the Manchester-based company says “organic growth” in the period has been 14% (April 2014: 12%).
More than 50% of the group’s revenues are now outside the UK with the majority in North America.
Its net debt has increased as expected to £37.5m (April 2014: £29.6m) against a total debt facility of £80m.
The increase reflects the initial consideration paid for the Open Registry group of companies on January 20 and some of the fees paid for the acquisition of Accumuli, which completed on April 30.
NCC chief executive Rob Cotton said: “This has been an exciting period of controlled growth for us, on top of the addition of two exceptional businesses Open Registry and Accumuli.
“We again have delivered strong consistent growth in revenue and profitability and remain on course to meet our expectations for the financial year to May 31.
“The controlled integration of Accumuli has begun and will see the two organisations working together even more closely on projects, as well as looking to gain operational synergies.
“Domain Services remains on target. The .trust service to create a safer internet domain, in effect an online secure gated community, is now live with customers reviewing the various opportunities available to them in the rapidly developing and dynamic domain space.
“With the integrations of the new acquisitions under way and with our solid performance in the current financial year, we are exceptionally well positioned in growing markets.”
