Cybersecurity

Cork-based cybersecurity firm Smarttech247 sees subsidiary’s pre-tax profits jump to €5.5m

IT security company’s results precede its listing on the AIM on the London Stock Exchange

Raluca Seceanu, chief executive of Smarttech247, said the business has more room for growth. Photo: John Allen.

Profits at cybersecurity firm Zefone Group, Smarttech247’s principal subsidiary, jumped 35 per cent last year as the Cork-based company expanded its customer base in the UK, Europe, and the United States.

Results published on Tuesday for the year ending July 31, 2022 show a 40 per cent rise in overall revenues to €10.2 million with gross profit at the firm reaching €5.5 million.

In December, Smarttech247 was valued at €42.7 million after being admitted to ...