This Manchester-based firm’s software helps global companies including financial institutions, defence and technology companies protect themselves from cyber threats. It was founded in 2008 by Mark Austin, 47, and Paul Kenyon, 44. Profits hit £3.5m last year, boosted by new offices in Frankfurt and Melbourne. In December, JMI Equity invested £32m for a minority stake, which the firm plans to use to develop new products and build brand awareness.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2016
Rank98
CompanyAvecto
ActivityIT security software developer
LocationManchester
Annual profit growth54.30%
Latest profits £000s3,516
Latest sales £000s14,675
Staff119
Founded2008
Websitewww.avecto.com

If applicable:

* supplied by company † annualised figure