UK business begins to see value of IT risk management, says NCC Group


UK business begins to see value of IT risk management, says NCC Group

Warwick Ashford

IT services firm NCC Group says UK businesses are beginning to appreciate the importance of IT risk management.

Risk management is becoming more important in the boardroom and companies need to protect their data and software assets, according to Rob Cotton, chief executive at NCC Group.

Based on this shift, the company plans to raise prices for its software code escrow business to clients such as Vodafone, the BBC and National Grid, according to the Financial Times.

The escrow service provides a way for companies to store copies of proprietary software as a back-up to guard against losing the code of their IT systems if software suppliers go out of business.

The Manchester-based group attempted a similar move in 2009, but was forced to abandon the idea and in some cases offer discounts in the light of the harsh economic environment.

Turnover at the group's escrow business rose 9% to £23m for the year ending 31 May, but revenues from assurance testing increased 19% to £30.8m.

NCC Group plans to continue diversifying from its slow-growing escrow business and plans to make further acquisitions to focus on information security and website performance.

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy