Soaring demand for IT security supports solid maiden results from SecureData.

October 99 News

IT security provider SecureData has reported maiden interims in line with expectations and said it was on track to meet its listing forecast for full-year earnings, thanks to growing concern about computer fraud and viruses.

The company reported headline earnings of R1,8 million on a R10 million turnover for the six months to June and said that given SecureData's sound growth prospects, its first-year earnings-per-share target of 5,13 cents would be achieved. The half-year results show a strong balance sheet with minimal interest-bearing liabilities and some R6 million in cash.

Listed in November last year, SecureData provides holistic IT security solutions at desktop, network and Internet levels through a comprehensive spectrum of products and services. These range from anti-virus remedies through firewalls and secure routers to computer-related crime investigations.

"It is generally acknowledged that IT security risks are rising at a rate of 70% worldwide. Awareness of these risks is also increasing rapidly, and was boosted during the period under review by the publicity given to devastating new computer viruses, proliferating computer fraud and the implications of the Internet's explosive growth," said SecureData Managing Director Paul Dinsmore.

"This was reflected by the high demand for our Trend antivirus suite of products, as well as for our value-added technical support, consulting, data recovery and computer crime services. All our divisions consequently contributed positively to earnings."

Dinsmore said SecureData was well entrenched in its market niche and soundly positioned to exploit the opportunities being created by the rapid growth in demand for IT security. During the past year, SecureData had employed additional resources to expand its technical proficiency and enhance its expansion capabilities.

For details contact Lou Morris or Stan Melnick on tel: (011) 802 8800 or fax: (011) 802 3959.

Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

From the editor’s desk: Presenting … how you were hacked
May 2019, Technews Publishing , News
“It’s all fun and games until you hit the wall.” Someone said that to me once (an American, so I don’t know if that’s a common saying in the US). At the time I thought he watched too much reality TV. These ...

Platforms and community lead the future
May 2019, Milestone Systems , Editor's Choice, CCTV, Surveillance & Remote Monitoring, News, Integrated Solutions
Milestone Systems took a look into the future of open platforms and the power of community at MIPS EMEA in Copenhagen in March this year.

iLegal 2019: Augmented surveillance - realising the full potential of CCTV
May 2019, Technews Publishing , Editor's Choice, News, Conferences & Events, Training & Education
iLegal 2019 will look at what is becoming known as Augmented Surveillance – using technologies and people interactively to maximise results from operators and control rooms in order to make intelligent security and business decisions.

Local manufacturing from Hissco International
May 2019, Hissco , Editor's Choice, Asset Management, EAS, RFID, News
Hissco International recently announced it has set up a local manufacturing partnership that will supply X-ray equipment to partners around the world.

Face to face with Suprema FaceLite
May 2019, Suprema , Editor's Choice, Access Control & Identity Management, News, Products
Suprema has announced the launch of FaceLite, the new generation compact face recognition terminal designed for enterprise access control as well as time and attendance applications.

ASSA ABLOY showcases latest digital access solutions
May 2019, ASSA ABLOY South Africa , Editor's Choice, Access Control & Identity Management, News
ASSA ABLOY hosted a breakfast at the Country Club Johannesburg in Woodmead on 2 April, to showcase the company’s latest and greatest digital access solutions.

Fidelity Fire Solutions receives BSI accreditation
May 2019, Fidelity Security Group , Editor's Choice, Fire & Safety, News
Fidelity Fire Solutions is one of the first fire solutions providers in South Africa to be awarded the British Standards Institution (BSI) certification for portable fire products.

Enthralled, educated and entertained
May 2019, Securex South Africa , Editor's Choice, News
Securex South Africa 2019 gears up to educate the industry, with free access to five content streams.

Keyless access control launched in Africa
May 2019, FS-Systems , News, Access Control & Identity Management, Agriculture (Industry)
FS-Systems launches a cutting-edge keyless access control solution for the critical infrastructure environment across the African market.

Augmenting surveillance video
May 2019, ISDS , News, Integrated Solutions
ISDS is moving from its previous business model to focusing on being a value-added distributor and supporting its channel partners.