Security VAR Nebulas Security has chalked up a record 30 per cent growth for its six-month financials, partially due to the growth in demand for data privacy.
The firm has also doubled the size of its London headquarters and is on a rapid recruitment drive for technical and sales staff to keep up with market demand. Nick Garlick, managing director of Nebulas, told CRN: “We are on track for our end of financial year [turnover] target of £7.5m next month. Our plan is to continue building on that success through organic growth.”
Garlick said that the firm would not consider any acquisitions due to the huge amount of available business in the UK market. “At the moment we are seeing so much opportunity in the UK. We do not think we need to go anywhere else,” he said.
Nebulas will also continue to act as a technology incubator (CRN, 6 July) to identify new and emerging security trends, he added. “We are on a real growth curve and we will continue to develop our services and look for new areas where existing vendors can help deliver more benefits to customers,” Garlick added.
Bob Tarzey, service director at Quocirca, said Nebulas is in a strong position and its growth would make it a potential acquisition target.
“If a company is achieving great organic growth in this climate it will be making itself an increasingly attractive economic target to a larger organisation,” Tarzey said. “This is definitely the case with Nebulas.”
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