Accumuli eyes SIEM market buys after solid 2012


Accumuli eyes SIEM market buys after solid 2012

Alex Scroxton

business growth profit concept.jpgA year after its last acquisition, buy-and-build security services outfit Accumuli has turned in strong full-year results, posting total revenues of £7m for the 12 months to 31 March, up 27% year-on-year, and said it will look to make further acquisitions in the coming months.

Accumuli chairman Nick Kingsbury praised the firm's performance in light of previously reported integration issues.

He said that the next phase of the company's strategy would take the form of both increased R&D work and further acquisitions, "particularly in the area of security information event management (SIEM), which we believe will make a significant contribution in the future."

The firm turned in trading group EBITDA of £2.6m, well up on the 2011 figure of £400,000, and group EBITDA of £2m, up from £100,000 this time last year.

In a trading update ahead of its full annual results announcement next month, the firm hailed a strong performance in line with market expectations, and like many of its peers, reflected that a growing awareness of network security threats in the end-user market meant demand for its services remained robust.

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