24 April 2008
100% leap in pre-tax profits globally for BeCrypt due to international expansion and buoyant security market
BeCrypt, a leading supplier of data security solutions with operations in both UK and US, announced today its pre-audited results for the financial year ended 29 February 2008, showing an increase in revenue of over 50% with an over 100% increase in profit before tax. The company has achieved significant growth in both licence and maintenance revenue. BeCrypt has continued its growth in UK central and local government markets and has seen continuing growth in its international operations. During the last year BeCrypt has released its new BeCrypt Trusted Client™ solution for the secure use of untrusted computers and has already seen revenue generation as a result.
Leslie Milne, Finance Director at BeCrypt commented, “In the current business climate, data security is now where it should be, firmly at the top of the business agenda, and BeCrypt is well able to provide a wide range of both government grade and more flexible commercial security solutions.”
Mr Milne continued, “The Board is delighted with the company’s performance for the last financial year. We have now shown significant revenue and profit improvement for two years and expect to see this continue in the future. This recent performance is due to the efforts of our dedicated and hard-working staff, combined with our strong partner, stakeholder network and our expansion into international markets.”
During the last six months, BeCrypt has signed major contracts with a significant number of large central Government departments as well as the MOD, and large commercial organisations. Also the company has signed up a number of strategic partners, including key OEM partnerships and significant technology partnerships with companies like Citrix, Juniper Networks, and AEP Networks.
NOTES TO EDITORS:
BeCrypt Limited was formed in 2001 to meet the growing demand for high-level computer encryption products in the international government and corporate marketplace. BeCrypt products protect customers in key government areas including: central, federal, state and local government, the defence sector, law enforcement and transportation.
The company now also provides a range of flexible security products tailored to meet the requirements of the commercial sector. BeCrypt has customers in financial services, pharmaceutical, insurance and banking sectors.
BeCrypt’s DISK Protect Baseline, DISK Protect Enhanced and PDA Protect Baseline products have been designed to meet stringent government security standards and have been approved by the UK Government.
BeCrypt has won an award from the UK Department of Trade and Industry for innovative technology and has patents pending on a number of unique security technologies.
BeCrypt is based in Reading, Berkshire, UK and in Annapolis, Maryland, USA.
Citrix®, ICA®, Citrix XenApp™ and Citrix Presentation Server™ are trademarks of Citrix Systems, Inc. and/or one or more of its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and registered trademarks are property of their respective owners.
For more information please visit: www.becrypt.com or call:
Tel: +44 (0) 845 838 2050
Andreina West/Mary Phillips
PR Artistry Limited
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