13th Jul 2016 09:25
LONDON (Alliance News) - Blancco Technology Group PLC on Wednesday made two appointments to its board, and said its revenue rose strongly in its recently ended financial year.
The mobile device diagnostics and secure data erasure company said revenue was up around 49% in the year to end-June, of which 34% was organic growth.
Growth was driven by Blancco's new Mobile Erasure and Live Environment Erasure products.
"We're pleased with our performance during this financial year. The strength of our business model, with its high proportion of recurring revenue, provides stability from which we can continue to invest for growth. We are looking forward to further growth in 2016/17 and further extending our global reach. Demand for our products continues to be strong, driven by a growing awareness of the importance of data sanitation and regulation," said Chief Executive Officer Patrick Clawson in a statement.
Blancco said it expects to report its full-year results September 20.
Separately, the appointed Richard Stiennon as its chief strategy officer, with effect from the beginning of July, and Steve Holton as president and chief revenue officer, with effect from July 25.
Shares in Blancco were up 11% at 210.00 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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