Accumuli has announced its revenues have grown by 34 per cent year on year to £10.3m in the first half of its financial year.
Gross profit for the IT security and risk management specialist founded in 2010 increased by 18 per cent in the six months to 30 September year on year, to £5.3m, which is up from £4.5m in its first half of 2013.
Nick Kingsbury, chairman of Accumuli, said: "We are very pleased with the growth and progress achieved in the period and trading in the first half of the year is comfortably in line with management expectations.
"The success of our Customer Intimacy programme initiated a year ago is generating results, with increased levels of cross-selling across the group's customer base and a 10 per cent growth in recurring revenues, providing the group with enhanced financial visibility," he said.
Trading group earnings before interest, tax, depreciation and amortisation rose by 36 per cent to £1.9m, up from £1.4m in the first half of 2013, and group EBITDA increased by 36 per cent to £1.5m.
"There is strong momentum going into our traditionally stronger second half and this, combined with a growing market, leaves the board optimistic for a successful outcome for the year as a whole," Kingsbury added.
In June, Accumuli announced its acquisition of IT security reseller ArmstrongAdams.
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