Managed services on the rise for ECSC in H1
Cyber security player ECSC has indicated that its focus on managed services is delivering as it saw significant growth in that part of the business in its first half.
There was a drop off in its consulting business by 23% to £1.19m, which offset the 63% climb in managed services, producing flat year on year revenues of £2.63m in the firm's interim first-half numbers.
The firm also trimmed its losses to £0.19m, down from £0.49m at the same point last year, and indicated that the consulting business was looking better in the second half. The firm enjoyed a record July, with revenues up by 42% y-o-y to £0.62m.
“We are pleased that from the start of H2 the previously reported reduced level of consulting services demand has now been reversed, with consulting growth recovering strongly to match the continued growth in managed services recurring revenue and cyber incident response service," said Ian Mann, CEO of ECSC.
"Despite the UK economic uncertainty and its short-term impact on consulting projects, we have focused on continuous improvement across all areas of the business. These have all contributed to the strong growth of the managed services division and, post-period end, record trading in consulting," he added.
The firm has also been growing its VAR relationships, with 66 partners signing up to resell ECSC services by the end of July, which generated more than 50 sales opportunities.
"The Board sees the continued expansion of the partner programme to have the potential to significantly increase growth in the future. Sales and marketing resources are being directed to support the growing partner programme," said Mann.
He added that the strategy to keep investing in the managed services approach would continue and there was plenty of action in the security world.
"The UK cyber security market remains an attractive segment of the wider IT sector. Against this backdrop, we are confident that the organic growth strategy of ECSC remains appropriate. Managed services remains the strategic focus of the Board, to build our recurring revenue streams and target the fastest-growing segment of the market," he said.
source computerweekly
Industry: Cyber Security
Latest Jobs
-
- Threat and Vulnerability Analyst / Penetration Tester. London
- London
- 55000
-
Threat and Vulnerability Analyst / Penetration tester needed. Threat and Vulnerability Analyst needed. Immediate opportunity. Must be able to commute to London min 2 days a week. The individual will join a highly technical team that is responsible for identifying vulnerabilities and threat in various applications / coding with a view of driving remediation and change. This is a critical role. The ability to achieve SC clearance is a must. A deeply technical Linux Redhat background with, penetration testing / code review / threat detection background is essential. Looking to hire immediately. Apply today for more information.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Head of Penetration Testing, UK based, Flexible location.
- United Kingdom
- Upto £100,000 plus excellent benefits
-
Head of Penetration Testing needed to join a security consultancy that are delivering client facing penetration testing services around Web app and Infrastructure. Looking for someone hands on that is able to manage a highly skilled technical team of testers. 50-60% of the time is expected to be hands on, other duties will include, but not be limited to; leading and managing the day to day running of the team, mentoring, team upskill, recruitment, reporting, escalation, process improvement etc. Flexible location although south east is preferred. Anyone with Check / CREST experience is highly desirable. MUST be able to achieve SC clearance. UK based role. All details kept in confidence.