Clearswift, a leading global provider of intelligent security solutions, today reports its fifth consecutive year of profit improvement supported by growth in overall business performance in FY12 (year ending 31/3/12). This is underpinned by the growth of core Gateway product bookings in excess of 24% and represents growth in excess of the market overall.
Chief Executive Richard Turner says: "Investment in our core content inspection technologies and focus on medium and large enterprise accounts continues to pay dividends. We have more than tripled EBITDA this year, generating a 24% growth in Gateway product bookings, while 85% of our revenue is recurring.
As a UK business with global reach, a growing market ($1.5bn), supportive investors and a commitment to product and service quality, our financials demonstrate that Clearswift has created a compelling platform for growth. Our strong financial position and shareholder backing means we can now grow through both an organic strategy and targeted M&A activity."
Chairman Martin Leuw adds: "Clearswift's recent growth and excellent product reputation have been achieved through the development of its integrated Web and Email Gateway suite, designed to address new and evolving technology challenges to the level of sophistication required by some of the world's most security conscious organisations.
This year's strong performance has been strengthened further by the backing of Lyceum Capital, and we anticipate another year of strong organic revenue and profit growth. With the support of Lyceum Capital, who have an impressive track record of growing businesses, we are well equipped to execute an accelerated growth strategy. I believe our continued focus on enabling businesses to embrace digital communications - efficiently, confidently and with minimal risk - will be rewarded further in the next financial year."
The completion of the sale of Clearswift in December 2011 to Lyceum Capital and management has added further strength to the underlying finances of the group. Lyceum Capital, an independent mid-market private equity investor, specialises in buying and building companies that operate in the UK mid-market. Lyceum works to create value by driving operational improvements, supporting organic growth and sourcing and funding complementary acquisitions.
About Clearswift
Clearswift’s content-aware, policy based solutions enables defense, government, healthcare and financial services organizations across the globe to manage and maintain no-compromise data, email, cloud and web security.
US
MRB Public Relations
+1 732 758 1100
[email protected]
EMEA
C8 Consulting
+44 118 334 0220
[email protected]