Qualcom, an Irish provider of IT and cybersecurity services, has signalled that it is on track to grow revenues to €18 million by the end of 2027 and plans to increase its employee numbers by 20 per cent over the next three years.
The company, which has a team of 70 people across its Dublin and Belfast offices, said annual revenues would grow at about 10 per cent year-on-year over the period, rising from their current level of €13.5 million.
The company, led by managing director Ken Ryan, said that as well as its organic growth targets it was “keeping an eye out” for possible acquisitions to accelerate this growth.
“We live and work in an increasingly connected world so the demand for comprehensive managed IT and cybersecurity capabilities will only increase in the years to come. That’s not to mention the pressure on organisations to be compliant with changing legislation and regulations,” said Mr Ryan.
Qualcom is not related to the US semiconductor giant Qualcomm.
Over the next three years Qualcom expects to see the biggest growth in cybersecurity services, managed IT services, compliance and round-the-clock IT support. This demand is being driven by the changing cyber risk landscape, advancements in artificial intelligence (AI), and expanding attack surfaces (the set of entry points or vulnerabilities that can be exploited by cyber attackers).
Qualcom said it was also seeing heightened demand from customers for support around standards such as ISO 20007 as businesses increasingly look to secure their supply chains in response to growing cyber threats.
The privately-owned company is forecasting 25 per cent growth in its customer base by 2027. This will include organisations across a broad range of industries, but will have a particular focus on the retail sector in Northern Ireland.
The expected growth follows on from the company recently achieving a Microsoft designation in Azure Infrastructure, adding to its existing Microsoft Modern Work SME and Enterprise designations.
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