NCC Group Press Releases

• Interim Management Statement

  April 19, 2011

  NCC Group plc (LSE: NCC or “the Group”), the international, independent provider of Escrow and Assurance is today publishing its Interim Management Statement, covering the period from 1 December 2010 to 31 March 2011.

  NCC Group’s trading performance remains in line with the Board’s expectations and is on course to deliver the anticipated levels of growth and profitability.  Whilst the Group remains concerned about the underlying UK economy, which is currently stagnating, good solid and consistent growth has been seen in both Divisions.

  In the first 10 months of the financial year, Group revenues are 53% ahead of the same ...

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  NCC Group Press Releases

• Atul Patel appointed as Group Finance Director

  April 19, 2011

  NCC Group plc (LSE: NCC, “NCC Group” or “the Group”), the international, independent provider of Escrow and Assurance Testing, has appointed today Atul Patel as Group Finance Director.  He has been the Interim Finance Director since 18 February 2011.  

  Atul, a chartered accountant, was formerly a Divisional Finance Director within Tribal Group plc being responsible for the Government and Health divisions.  He brings with him a wealth of experience in running and operating finance and support functions as well as advising on business transformation and business integration.

  Atul qualified with PricewaterhouseCoopers before joining its management consultancy division, where he focused ...

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  NCC Group Press Releases

• Acquisition of US-based escrow provider for up to $9.5m

  March 29, 2011

  NCC Group plc (LSE: NCC, "NCC Group" or "the Group") the international, independent provider of Escrow and Assurance has acquired Escrow Associates LLC ("Escrow Associates"), a US-based software escrow company, for a maximum consideration of up to $9.5m (GBP5.9m) in cash.
  Escrow Associates provides independent escrow solutions to approximately 1,000 clients predominately located in North America. This earnings enhancing acquisition will substantially increase the Group's scale in the US escrow market and widens its international presence as many of Escrow Associates' clients are multi-national corporates.

  The initial consideration on completion is $8.1m, with a further performance related payment of up ...

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  NCC Group Press Releases

• Directorate change

  February 18, 2011

  NCC Group plc (LSE: NCC), the international, independent provider of Escrow and Assurance Testing, announces today that John Gittins, the Finance Director, will leave the Group on 25 February 2011. 

  The Board has taken this decision as it believes that John's undoubted skills are not best utilised in the Group. 

  The Group has commenced the search for a successor and has appointed Atul Patel as Interim Finance Director with immediate effect. 

  Atul, a chartered accountant, was formerly a Divisional Finance Director within Tribal Group plc. He brings with him a wealth of experience in running and operating finance and support ...

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  NCC Group Press Releases

• Cyber crime fear boosts NCC Group

  February 03, 2011

  Malar Velaigam

  Investors Chronicle

  With cyber crime dominating headlines, cyber security specialists NCC has delivered an impressive performance. Forward orders grew by a third in the half-year period to £41m and chief executive Rob Cotton reckons that there's "a lot more interest" in NCC's products.

  Reflecting those prospects, NCC made two acquisitions in 2010 - SDLC in April, and iSEC in October. These have bulked up the security testing assurance business and it's likely that more deals are likely going forward, too. But, even after excluding those deals, assurance division revenue still grew 9 per cent to £12.3m and the ...

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  NCC Group Press Releases

• Trapster - 10 million user records compromised

  January 21, 2011

  Rob Cotton, comments: “The attack on Trapster, which has potentially compromised the personal data of the website’s 10 million users, yet again highlights the risks of sharing passwords between websites.

  “It is common for users to apply the same passwords to frequently used websites, however, by doing this they are effectively increasing the risk that if any of the websites get hacked then all the others can be accessed.  As well as the websites’ responsibility to keep their customers’ data safe, users must also accept that their behaviour directly affects their own security.

  “Website owners should declare if they store ...

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  NCC Group Press Releases

• Continued strong organic and acquisitive growth drive profits up 25%

  January 20, 2011

  20 January 2011:  NCC Group plc (LSE: NCC, “NCC Group” or “the Group”), the international, independent provider of Escrow and Assurance, has reported its results for the six months to 30 November 2010.

  Highlights:

  • Group revenue from continuing operations up 49% to £33.0m (£22.2m in 2009)
  • Group adjusted operating profits from continuing operations* increased by 27% to £7.7m (£6.1m in 2009)
    o Group Escrow operating profits up by 12% to £6.7m
    o Assurance operating profits* up by 83% to £2.4m
  • Group adjusted pre-tax profits from continuing operations** up by 26% to £7.4m (£5.9m in 2009)
  • Adjusted diluted earnings per ...

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  NCC Group Press Releases

• Sluggish e-retailers avoid downtime during crucial sales period

  January 18, 2011

  UK e-retailers experienced slow download speeds during the December and January sales period, according to research from Site Confidence, an NCC Group plc company.

  Performance data from the website monitoring specialist showed that the UK’s top 50 e-retailers avoided serious outages between 25 December 2010 and 12 January 2011, despite visitors experiencing website download speeds in excess of 10 seconds.

  On Christmas Day – when many of the largest sales began online – the average downtime for e-retailers was less than one minute (0.03 per cent), while on Boxing Day the top 50 experienced an average of just over one ...

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  NCC Group Press Releases

• Individuals must take some responsibility for their own security

  January 06, 2011

  Paul Vlissidis, technical director at NGS Secure, comments on the itunes hack:

  “This scam is yet another example of how hacking can be viewed as profitable, and therefore the utmost vigilance is necessary from companies in the online services space.

  “On the other hand, the seller instructing buyers to only use the accounts for a 12 hour period suggests that there are reasonably robust detection measures in place for fraudulent or stolen accounts.

  “There is little users can do if the service provider is hacked and their data is stolen – in this case the provider has some serious questions to ...

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  NCC Group Press Releases

• UK schools a playground for hackers

  January 05, 2011

  Independent security testing finds both primary and secondary school networks critically vulnerable to attack -

  Many primary and secondary schools in the UK are thought to be highly vulnerable to cyber attacks as a result of poor software patching and a lack of wider information security provision – putting pupil, employee and administrative information at risk – according to security testing specialist NGS Secure, part of NCC Group plc.

  NGS Secure recently audited one randomly selected UK secondary school and primary school – neither of which can be named due to confidentiality agreements – to ascertain how secure each was ...

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  NCC Group Press Releases

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