Apr 28, 2021

NRD Cyber Security revenue grew 14% in 2020

Cybersecurity
investment
Tilly Kenyon
2 min
New data shows NRD Cyber Security’s revenue has grown in 2020, along with growth in its net profit
New data shows NRD Cyber Security’s revenue has grown in 2020, along with growth in its net profit...

NRD Cyber Security, a Cybersecurity consulting and technology development company, reported revenue of €3.23 million in 2020, an increase of 14% compared to 2019 revenue of €2.84 million.

According to new data NRD Cyber Security also generated a net profit of €321,000 last year, an increase of 38% compared to €232,000 in the same reporting period in 2019. Income from the private sector in 2020 more than tripled the corresponding income in 2019; in 2020, it accounted for 25% of NRD Cyber Security's total revenue, and 9% in 2019.

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Dr. Vilius Benetis, CEO of NRD Cyber Security, was previously asked about whether there was a difference in companies from the Baltics willing to invest in their cybersecurity compared to Europe / rest of the world, he said: “Baltic countries are comparatively small and are moving very fast towards digital services. Handling digital risks is a natural part of this. Sometimes, action is taken after the incidents, and sometimes by experienced managers. Overall, the situation is similar, especially when most businesses are very small and cannot invest much in cybersecurity.”

Investment

The company has a large number of customers in the finance sector, and in the first half of 2020 they achieved a lot. They signed a service contract with the Central Bank of Nigeria, projects at the Central Bank of Egypt and in the country's commercial banking sector, as well as a cybersecurity investment appraisal project initiated by the European Investment Bank.

NRD Cyber Security's total investment in research and experimental development (R&D) at the end of 2020 amounted to €1.8 million, €997,000 of which was financed by the European Union, with the remaining amount coming from the company's own funds. In 2020 alone, €1 million was allocated for this purpose, of which €567,000 was European Union funding and the remainder the company's own funds.

One of its R&D products, CySystem, is already being used by countries in Europe, Asia, and Africa. It is designed for critical infrastructure managers and for the identification, monitoring, and analysis of cyber threats to the critical infrastructure of national, sector-specific, or multinational corporations.

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Jun 15, 2021

Searching for the Top 100 Leaders in Technology

Technology
AI
live
leaders
2 min
Have your say and nominate technology industry influencers and legends in our search for the Top 100 Leaders announced at upcoming LIVE event

The search is on for the Top 100 Leaders in Technology 2021 – nominated by readers of Technology magazine and open to all.

The initiative has been launched and nominations are now open, with the final, prestigious Top 100 due to be announced during Technology and AI LIVE running 14-16 September, beamed from London to the world.

This latest, definitive list of the leading executives and influencers in the industry will be announced at the event and shared across social media channels, this website, and presented in a special supplement that honours all of those named in our annual list.

The Top 100 Leaders follows on from the well-received Top 100 Women in Technology that BizClik Media Group (BMG) – publishers of Technology magazine, AI magazine and a growing portfolio of industry-leading titles – produced in March this year to coincide with International Women’s Day. 

“The Top 100 Women recognised the incredible and influential women driving our industry,” says Scott Birch, editorial director, BMG. “The success of that initiative encouraged us to recognise the Top 100 Leaders – individuals championing everything that we love about technology and embracing best practice that’s good for business.”

Nominations are already coming in, with some notable highlights including:

Rhonda Vetere - Herbalife

Bryan Smith - Expedient

Nominate your Top 100 Leader HERE

The deadline for nominations closes on Sunday 1 August 2021, and it is free to nominate. The Top 100 Leaders will be announced across our platforms and at the LIVE event.

 

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