NCC Group plc ("NCC Group") Notification of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons NCC Group announces today that on 19 April 2013 Thomas Chambers, a non -executive director of NCC Group purchased 19,000 ordinary shares with a nominal value of 1 pence each in NCC Group ("Ordinary Shares") at a price of 106.25 pence per share. Thomas Chamber's aggregate beneficial interest in the Ordinary Shares of NCC Group following the acquisition is set out below: Percentage Interest of issued immediately Interest share capital prior to immediately immediately acquisition after acquisition post acquisition Thomas Chambers nil 19,000 0.009%
20 Apr '13
The market for Escrow, as reported at the half-year results, continues to be challenging as customers have continued to delay spending on new applications or upgrades of business critical applications.
18 Apr '13
18 Apr '13
Artemis The Group's major new internet security initiative, Artemis, continues to develop successfully its .secure proposition to develop a safe and secure gTLD. This project is on schedule and its operating expenses have been less than expected. Artemis will incur £1.2m of expenditure in the year-end 31 May 2013. The pioneer programme has also been extremely successful with nearly all places now taken by major global corporations. Rob Cotton, Group Chief Executive, comments: "We have continued to grow the business and generate cash, albeit slightly below our initial expectations for the year - the first time in 10 years. "Our growth prospects continue to remain extremely sound - businesses need to have software and other IP assurance systems in place through our software escrow services, whilst the demand for information security continues to be very strong internationally." The Group expects to report its year-end results for the 12 months to 31 May 2013 on Thursday 4 July 2013.
18 Apr '13
Assurance in rns
Assurance The global security market has continued to grow strongly. Recent attacks and initiatives further confirm that expenditure in this area will continue to increase. The Assurance division continues to benefit from the heightened awareness of cyber-crime as more and more high profile organisations fall foul of significant attack or data loss. Although the division operated satisfactorily overall, delivering 16% year on year growth (9% organic growth), parts of the US business have disappointed by failing to deliver the expected levels of revenue. The stable UK Assurance business delivered good results with 17% growth in Security Testing and 11% in Web Performance Testing. Web Performance Testing continues to achieve monitoring renewal rates of better than 90%. The iSEC business, which saw the conclusion of its earn-out in August 2012, was unable to fill the void quickly enough caused by the departure of its founding commercial partner in 2012 with an account management team. This issue has now been largely addressed by secondment of UK staff to North America, alongside successful local recruitment. Accordingly it experienced three months of low staff utilisation. The integration of the New York based Intrepidus, a security research and testing services provider primarily focused in the mobile telecommunications sector, has not proved as successful to date as the other 14 acquisitions completed by the Group. Major client sales were slower than expected and then were not fully capitalised on. As a consequence no earn-out will be payable in the first year of ownership of the company. The business has been reorganised and it is expected a stronger performance will be seen in the second year of the earn-out. Matasano, which joined the Group at the same time as Intrepidus, has delivered the results expected of it. The Assurance division's overall combined order book and renewals base currently stands at £29.7m (March 2012: £24.7m). The Group's testing businesses have a combined order book of £23.6m (March 2012: £19.1m). The Web Performance renewals base is valued at £6.1m for the year ended 31 May 2013 (March 2012: £5.6m). Security based testing orders are more than 23% greater than last year as market demand continues to increase.
18 Apr '13
some 3% and 4% respectively below current market expectations.
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