British cyber security firm ECSC targets £15m Aim float
By The News Desk|6 December 2016
As cyber crime continues to affect global security, and as the UK government announces a new focus on tackling the threat, Bradford-based cyber security business ECSC has announced its intention to float on London’s junior market.
The group, whose clients include 10% of the FTSE 100, including Barclays and GCHQ, hopes to raise around £5m which will give it a market capitalisation of £15m. The decision comes hot on the heels of recent high profile cyber attacks on Tesco Bank, Michael Page, the Post Office and TalkTalk, and San Francisco’s light rail system.
Last month UK Chancellor Philip Hammond committed £1.9bn over the next five years to bolster cyber security defences, and this leads the team at ECSC to believe the time is right to list the company on Aim and accelerate its growth.
ECSC is expected to begin trading on Aim on December 14.