Revenues surge to £8.5 million as employee numbers rise by 65% at Manchester tech leader.
Manchester-based security software company Avecto has today released its annual results revealing revenues of £8.5 million, a year-on-year increase of 26% (131% over the last three years).
To support its rapid growth, staff numbers have grown by a massive 65% over the last year, with over 100 employees now based across Avecto's offices in the UK, USA and Australia.
The ongoing growth has also sparked a renewed recruitment drive as the company seeks to attract further talent across all areas of the business, including the launch of a new graduate scheme.
Since its inception in 2008, Avecto has invested heavily in research and development in order to ensure continued innovation in its award-winning Privilege Guard technology. The company has over 4 million global users, including seven of the world's biggest banks, nine aerospace leaders and three F1 teams.
Mark Austin, CEO at Avecto said: "Our focus on continued product innovation has been fundamental to our success. We've carved out a market-leading offering which allows businesses to balance security with user freedom.
"It's been an incredibly successful few years. Once again we have reported double digit revenue growth and the whole team deserves enormous credit.
"To hit the 100 employee mark is a very important milestone but what's key now is to get even more of the right people on board as we continue our recruitment drive. We have a very important few months ahead, and with some major announcements on the horizon, it's an exciting time to be at Avecto."
The figures follow a number of recent successes for the firm, with co-founders Paul Kenyon and Mark Austin jointly winning the EY Northern Technology Entrepreneur of the Year award. This summer, the firm was also cited as a 'vendor to watch' by global analyst firm Forrester, while last year it was named the fastest growing software company in the UK according to Deloitte's Fast 50 ranking.
