Member Article

Digital Barriers sees triple-digit rise in international revenue as it halves losses

London-based security firm Digital Barriers has announced a huge 113% increase in its international revenues as it looks to continue its expansion across the Atlantic.

In its preliminary results up to 31 March this year, which were announced to the stock exchange this morning, the surveillance and security experts saw international revenues more than double to £15.1m from £7.1m in 2015, accounting for 83% of its total revenues.

The results come as the business, which offers a range of surveillance and security products, has angled itself towards the American market following the acquisition of US security firm Brimtek who have deals in place with a number of US law enforcement agencies.

Commenting on today’s results Zak Doffman, Chief Executive Officer of Digital Barriers, said: “The strong international growth we have announced today shows the potential for us to sell solutions differentiated by our world-class IP into an extremely large global market.”

Today’s figures also see the firm halve its adjusted losses, down to £4.7m from £10.6m in 2014, as continues to divest in a number of its UK divisions and services.

Furthermore, Digital Barriers have announced its first global contract for its video monitoring and analytics software SafeZone with Swedish security camera group Axis Communications.

Zak added: “In addition to strong revenue growth in our core business, we have also delivered on our promise to secure significant channels to market, with deals announced with Axis and Mobily and the launch of a wireless safe city camera with Canon.”