Irish tech firm’s cybersecurity revenues rise €7.5m

Dublin-headquartered tech company DataSolutions’ cybersecurity division is reaping the whirlwind of rising cyberattacks and Covid-19 vulnerabilities.

Growing demand for IT security solutions saw Dublin tech company DataSolutions’ cybersecurity division report a €7.5m rise in revenues.

The business’s growth comes at a time of heightened IT security awareness in Ireland driven by the travails of the Health Service Executive whose systems were knocked out by hackers who subsequently demanded a ransom in return for sensitive data. The situation is ongoing.

“With the increase in sophisticated cyberattacks targeted at dispersed workforces, security teams are under serious pressure to protect vulnerable organisations and critical data”

DataSolutions said it has added new vendors and partnerships including Neustar, D3 Security, ColorTokens, Ordr and Orca Security, in addition to existing partners Check Point and HPE Aruba.

An ever-changing threat landscape

DataSolutions CEO Michael O’Hara said 2020 saw increased demand for cybersecurity solutions stemming from the Covid-19 pandemic and the rising number of more vulnerable people working from home – with new products, applications, web and cloud platforms catering for a significant increase in cyber threats.

“Our dedication to delivering specialised technical expertise and transformational technologies in areas including security has driven the growth and success of the business,” O’Hara said. “Last year was no different. In fact, we focused on these pillars even more to support our partner and customer base through these challenging times.

“Of course, security was one area that exploded as businesses looked to enable widespread remote working, maintain productivity and continue operations. With the increase in sophisticated cyberattacks targeted at dispersed workforces, security teams are under serious pressure to protect vulnerable organisations and critical data. That’s not to mention the fact that they are potentially dealing with unprotected networks, personal devices and unofficial app downloads.

Last year DataSolutions reported €74m in turnover, revealing that after having entered the UK market in 2016 that market now accounts for 50pc of its overall business.

By John Kennedy (john.kennedy3@boi.com)

Published: 21 May 2021

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