Leeds cyber security firm hits £2.5m revenues

Leeds cyber security business Altinet is celebrating a 50% growth in turnover as demand for cloud-based technology grows.

Revenues reached £2.45m in 2018, up from £1.6m the year before. The company says it has “far exceeded” its five-year growth plan, and is on track for revenues of £3.8m in 2019.

Altinet said that its success is largely due to increased demand for cloud-based cyber security technology, which has seen new client and contract wins including Titan Airways, the National Autistic Society, WPP and Belfast Metropolitan College.

The company now has more than 400 clients. It has also added non executive directors Alan Kenny and Richard Doyle to the board to help with the next five-year growth plan now in the works.

Henry Doyle, director at Altinet, said: “Increasingly, customers are working with Altinet due to our complete focus on security, which enables us to support them to a level that they haven’t experienced with other suppliers by taking responsibility for maintaining and supporting the security solutions that we offer.

“This supportive approach and the expertise of our team are just key examples of why we hold the highest partner tier status with the vendors in our portfolio.

“The relationship we have with our customers is one of the main factors towards our growth
and reputation and will continue to be a key company focus in our future growth plans as we
look to acquire more market share.”