WORCESTER CYBER SECURITY FIRM SECURES £2.5 MILLION GROWTH INVESTMENT

Titania has secured £2.5 million investment from the private equity investment manager Foresight Group LLP.

Founded in 2009 by Ian Whiting, the Queen’s Award-winning company has grown fast thanks in large part to the huge success of its first product, Nipper.

With the accuracy of a penetration tester, Nipper automates the assessment of network devices to identify a company’s online vulnerabilities.

Phil Lewis, CEO of Titania Ltd, said: “Titania’s mission is to increase our customers’ network resilience and security compliance. Foresight’s backing will accelerate our ambitious plans to automatically detect and remediate misconfigurations and vulnerabilities at scale and reduce customers’ attacks. Delivering this at scale is especially important in a world in which organisations need to move from occasional auditing through to continuous monitoring of network security.”

Mr Whiting added: “Our partnership with Foresight comes at a very important time in the company’s development and that of the industry. It provides the platform from which to accelerate our growth and meet our customers’ cybersecurity challenges.”

DEMAND INCREASES AT OAKLAND INTERNATIONAL’S DUBLIN FACILITY

A Redditch logistics company which increased capacity at its Dublin facility by 60 per cent in January has seen demand rise sharply following Brexit.

Dublin Port has become a major bottleneck for Northern Ireland businesses trying to operate under new Brexit rules. Around 20 per cent of Northern Irish trade goes through Dublin and haulage firms were reporting delays getting customs clearance for loads arriving from Britain.

Oakland International’s warehouse is very close to the Dublin port tunnel, enabling it to respond to growing import/ export tra c.

Director Richard Hill said: “We’re now in a 50,000 sq ft warehouse and servicing all major Irish retailers.”

Worcester Broadband Provider Secures Significant Contract Wins

Worcester rural broadband provider, Airband has revealed new contract wins.

The company, which last year revealed that Aberdeen Standard Investments had acquired a majority stake in the business, will install its ultra-fast, fibreto-the-premises broadband across rural areas in Cheshire, Somerset and Devon.

Across the country, the vast majority (96 per cent) of UK homes can now get superfast broadband, which provides download speeds of at least 30 Mbit/s. But within rural areas, this falls to 81 per cent, according to Ofcom.

The contracts, totalling more than £30 million, will see Airband rolling out connectivity to more than 44,000 properties.