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NCC Group Say UK Companies Starting to Value Risk Management

The IT services firm NCC have said this week that UK businesses are starting to appreciate the importance of IT risk management.

Rob Cotton, the chief executive of the NCC Group says that risk management is beginning to be more important in the boardroom and companies need to start to protect their data and software assets.

Based on this move, the business has revealed plans to raise prices for its software code escrow business to its clients which include top blue chip brands such as Vodafone, the BBC and National Grid, according to the Financial Times.

The escrow service gives companies a means to store copies of software as a back-up in order to guard against losing the code of their IT systems if any of the software suppliers they use are to go out of business.

The company tried and failed to make a similar move in 2009 and in some cases were forced to offer discounts to unsatisfied customers.

Turnover at the group's escrow business saw a 9 per cent rise to nearly £23m for the year ending 31 May, while revenues from assurance testing during the same time increased 19 per cent to £30.8m.

NCC Group plans to continue diversifying and to make further acquisitions to focus on information security as well as website performance.

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