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:

TAPA: The role of an effective treasury function in business risk management
June 2019, Technews Publishing , News
Neil Le Roux, the Founder of Diligent Advisors will speak at the TAPA SA (Transported Asset Protection Association) annual conference on 26 July 2019.

Platforms are us
September 2019, Technews Publishing , News
A conversation I had at the recent Residential Estate Security Conference Hi-Tech Security Solutions hosted in August (which will be reviewed in the October issue) got me to thinking about the security ...

TAPA conference 2019 explores layered approach to security
September 2019, Technews Publishing, TAPA (Transported Asset Protection Association) , News, Transport (Industry)
The Transported Asset Protection Association (TAPA) held its annual South African conference at Emperors Palace in Johannesburg on 26 July 2019.

Hennie Lategan joins Centurion as head of exports
September 2019, Centurion Systems , News, Access Control & Identity Management
Centurion Systems has announced the appointment of Hennie Lategan as the head of the company’s exports department.

New Africa sales manager for Axis Communications
September 2019, Axis Communications SA , News, CCTV, Surveillance & Remote Monitoring
Axis Communications has appointed Brendon Hall, previously the founder and MD of Pentagon, as its new sales manager, Africa.

Check Point appoints new regional director for Africa
September 2019 , News, Cyber Security
Check Point Software Technologies has appointed Pankaj Bhula as regional director for Africa.

ISO standard for protecting personal data
September 2019 , News, Cyber Security
Tackling privacy information management head on: first ISO standard for protecting personal data has been published.

Hikvision helps secure African Union Summit
September 2019, Hikvision South Africa , News, CCTV, Surveillance & Remote Monitoring
Hikvision established a complete intelligent video solution to ensure the security of the thirty-third African Union (AU) Summit held on 7 July in Niamey, the capital of Niger.

The hunt for the Carbanak group
September 2019 , Editor's Choice, Cyber Security, News
Tomorrow Unlocked has released a free four-part documentary that tells the story of the notorious Carbanak APT group and its $1 billion bank heist.

Rockwell Automation a founding member of ISA Global Cybersecurity Alliance
September 2019 , News, Industrial (Industry)
To better secure today’s complex and often vulnerable production operations, the ISA Global Cybersecurity Alliance recently announced Rockwell Automation as a founding member.