Updates from INVL Technology’s Managed Companies: NRD Cyber

NRD Cyber Security, a leading cybersecurity company with a global presence, has reported impressive financial results for the year 2023. The company, which also owns NRD Bangladesh, saw a significant increase in revenue, reaching EUR 7.411 million, a 21.9% growth from the previous year. Operating profit also surged by 77.1% to EUR 0.99 million, while EBITDA rose by 74.3% to EUR 1.14 million.

Vilius Benecis, Director of NRD Cyber Security, attributed the company’s success to its strong competencies in establishing and modernizing cybersecurity teams, focusing on automation and development of specialized tools, and fostering international cooperation. With activities in over 50 countries, the company’s experts are able to offer high competences based on international standards and best practices.

The company’s sales revenue in foreign markets saw a substantial increase, reaching EUR 2.37 million in 2023, driven by a rise in projects aimed at strengthening national cyber resilience. NRD Cyber Security’s experts have been instrumental in building national cybersecurity teams, developing strategies, and carrying out cyber resilience-building activities in more than 30 countries.

In addition to its core services, NRD Cyber Security operates as a Managed Security Service Provider (MSSP) under the name CyberSOC. The company further solidified its position in the market by launching a 24/7 CyberSOC service option in Lithuania and abroad. Its unique cybersecurity tools, Natrix and CyberSet, have gained recognition globally and have been deployed in various countries to enhance cybersecurity measures.

Overall, NRD Cyber Security’s commitment to creating secure digital environments for countries, governments, and businesses has positioned it as a key player in the cybersecurity industry. Managed by INVL Technology, a Nasdaq Vilnius-listed IT investment company, NRD Cyber Security continues to drive innovation and excellence in the field of cybersecurity.