The security solutions specialist recorded revenue of GB pound 37.6m – a major factor in the revenue growth of 13% announced by Quadnetics – helping the group achieve overall sales of GB pound 69.1m in 2011.
“Quadnetics achieved solid growth in 2011 and has continued to build on that success, supported significantly by Synectics’ improved performance,” said Nigel Poultney, finance director of Quadnetics Group plc.
“All Synectics businesses achieved strong growth against a tough economic backdrop, with Synectics Network Systems and Synectics Industrial Systems demonstrating particularly impressive growth rates of 28% and 26% respectively.”
The company says investment of GB pound 1.8 million in research and development, via its technology centre, has seen Synectics expand its suite of software-based intellectual property – enabling growth in key markets and success with major international contracts.
