Integrity Solutions announces 65% revenue growth to €7.7M in 2009

• 2009 was strongest year to-date
• €1.6M cash in bank available to finance strong growth plans to be announced in 2010
• Increasingly sophisticated IT security attacks on Irish businesses fuelling growth

Dublin, 25th March, 2010 – Integrity Solutions, Ireland’s largest IT security specialist, today announced a very strong performance for 2009. In a record-breaking year, revenue grew by more than 65% from €4.6 million in 2008 to €7.7 million in 2009. Despite ongoing challenging economic conditions, Integrity is experiencing huge demand from Irish businesses looking to protect their systems and company data from growing security threats.

2010 is expected to show considerable additional growth in revenue and profit, with managed security services spearheading the increments. The first two months of the year have already seen 15% year-on-year revenue growth driven by major new customer wins in the telecoms, financial and entertainment sectors.

In addition to rapidly rising revenues, profitability is also increasing, with Integrity’s cash in bank growing to €1.6M at the end of 2009. This will be used to fund an ambitious growth plan which will be revealed during 2010.

Integrity Solutions was established by current managing director, Eoin Goulding, in 2005. With its headquarters in Dublin and another base in London, Integrity provides a comprehensive security portfolio including security audits, policy design and integration, authentication, regulatory compliance, as well as a full managed security service, including 24*7*365 support.

In 2009, Integrity grew its customer base to more than 190 private and public sector organisations, including four of Ireland’s largest telcos and some major financial institutions. It also grew its team to more than 20 employees, made up primarily of highly-qualified and experienced technical security specialists. Employee numbers are expected to increase further in 2010.

Eoin Goulding, founder and managing director of Integrity Solutions, commented, “With increasingly sophisticated attacks occurring all the time, most Irish organisations have become acutely aware of the damage that can occur. Our proactive and tailored managed solutions protect both internal and external company networks, and ensure confidential assets and data are never compromised.”

“2009 was an excellent year for us, despite all the doom and gloom in the marketplace. We continued to invest in our people, services and partnerships, while most of our competitors stood still. Our world-class technical team and infrastructure, combined with our can-do approach, meant that we were ideally positioned to capitalise on this opportunity. We are looking forward to an even better year in 2010,” continued Goulding.

Integrity Solutions partners with many of the world’s leading security providers and has achieved the highest rates of technical accreditation. Partners include Check Point, Juniper Networks, Blue Coat, Websense, Tufin, Imperva, RSA, Tripwire, Tippingpoint and Cisco IronPort Systems.