The firm has announced revenues in excess of £5 million.

Nebulas posts stellar financials

IT Security specialist Nebulas Security has achieved revenues in excess of £5 million for the financial year 2006/7.

The firm attributes the rise in revenue to increased customer demand for UTM, compliance solutions and network security management solutions – areas which the company saw over 25 per cent growth compared with last year.

The firm also attributed internal restructuring, new staff, a new partnership with Juniper Networks and additional services to the growth in figures.

“Our financial results show just how much the company has changed over the past year: we’ve grown, diversified, built new relationships and introduced new solutions,” said managing director Nick Garlick.

“These changes have already resulted in increased revenues; combined with our new security assessment services which should add a further 50% to next year’s revenues, we’re confident that we can continue growing at our current rate for the foreseeable future,” he said.

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