ITC Global Security Secure GBP1 Million Funding From NatWest

By Itc Global Security Ltd, PRNE
Tuesday, July 6, 2010

Supporting Business Development Under the Government Backed Enterprise Finance Guarantee Scheme

LONDON, July 7, 2010 - ITC Global Security (www.itcsecurity.com), a specialist
information security and advanced networking firm, has secured GBP1 million
funding from NatWest
(www.natwest.com/business/products/borrowing/helping-your-business/enterprise-finance-guarantee.ashx
), under the Government backed Enterprise Finance Guarantee scheme
(www.businesslink.gov.uk/bdotg/action/gsdDetail?itemId=1081834978)
(EFG). The funds are allocated for investment in the UK as part of a global
development plan of GBP6.3 million over the next three years. ITC have
identified significant sources of new business growth, largely attributed to
the increased value of the Enterprise Security Infrastructure market, which
is forecast to grow to over GBP18 billion ($27 billion) by 2013 worldwide, at
a compound annual growth rate (CAGR) of 9.2% between 2008 and 2013. (Note 1)

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To capitalise on these business opportunities ITC will develop its
position as a market leader in the cloud computing security arena by
introducing a number of new modular services, and extending its global
capability. Tom Millar, Managing Director, ITC Global Security comments: "ITC
is an established Managed Service Provider (MSP) in a key period of growth.
This additional funding enables us to begin the next development phase and
expand our UK infrastructure, which is the hub of our operations."

In order to support additional customers and services ITC will increase
capacity at their Secure Operating Centre (SOC) based at Canary Wharf,
London. This presents new employment opportunities as the expansion plans are
expected to create 14 jobs ranging from account managers to technical support
and consultancy.

This funding will continue development of its Security Information and
Event Management (SIEM) infrastructure. Tom Millar adds: "SIEM is a key
high-growth sector, with expected CAGR of 26.8% (appliances) and 12.2% (SIEM
software), and a combined value of over GBP1.5 billion ($2.23 billion) by
2013 worldwide. (Note 2) To strengthen our position we are investing in an
additional scalable hardware platform, hosted in a new UK data centre. We
have also appointed a manager to lead the internal development and operation
of this service."

ITC has initiated a series of changes to reinforce global operations
including opening offices in Australia, Canada and Malaysia, and
strengthening the senior management team. These initiatives facilitate the
'follow-the-sun' service model across the three main continents, with
localised facilities and technical support.

Darren Howard, Relationship Manager at NatWest, said: "The EFG scheme is
designed to provide working capital and investment funding to turn sound
business propositions into realities despite the current economic climate.
ITC sought EFG funding to accelerate the expansion of its business, which is
already set to experience growth over their three year plan. I wish them well
as they utilise the funding and the opportunities it will present."

To date, RBS/NatWest have led the field in taking applications for the
EFG scheme and provided nearly half of all loans drawn down.

Note 1 and 2

Gartner, Inc., 'Total Enterprise Security Infrastructure, Worldwide,
2007-2013', Andy Rolfe and Ruggero Contu, 3 November 2009

NOTES TO EDITORS:

About the RBS Group

The RBS Group is a large international banking and financial services
company. Headquartered in Edinburgh, the Group operates in the United
Kingdom
, Europe, the Middle East, the Americas and Asia, serving over 30
million customers. The Group provides a wide range of products and services
to personal, commercial and large corporate and institutional customers
through its two principal subsidiaries, The Royal Bank of Scotland and
NatWest, as well as through a number of other well-known brands including,
Citizens, Charter One, Ulster Bank, Coutts, Direct Line and Churchill. The UK
Government has a total shareholding in RBS Group of 39.7 billion shares,
70.3% of the total outstanding shares on issue or an economic interest of
84%.

About ITC Global Security

ITC provide information security and advanced networking consultancy,
integration and managed services to some of the world's leading
organisations, enabling risk management, regulatory compliance and
performance challenges to be met. Headquarters in Canary Wharf, ITC manages
security for clients in over 800 locations throughout 100 countries. Clients
include Fortune Global 100, FTSE 100, National Health and government
organisations. For more information please visit www.itcsecurity.com

Further information: ITC Global Security Ltd: Amanda Hill, amanda.hill at itcsecurity.com, Tel: +44(0)20-7517-3900, +44(0)7843-632238

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