NRD Cyber Security, which also owns NRD Bangladesh, had a successful year in 2023 with consolidated revenue of EUR 7.411 million, marking a 21.9% increase from the previous year. The company’s operating profit also saw significant growth, rising by 77.1% to EUR 0.99 million, while EBITDA increased by 74.3% to EUR 1.14 million.
Vilius Benecis, Director of NRD Cyber Security, attributed the company’s growth to its strong competencies in establishing and modernizing cybersecurity teams, focusing on automation and development of specialized tools, and fostering international cooperation. With activities in over 50 countries and active participation in the cybersecurity community, the company’s specialists are able to offer high competences based on international standards and best practices.
Sales revenue in foreign markets for NRD Cyber Security in 2023 amounted to EUR 2.37 million, a significant increase of 78% compared to the previous year. This growth was driven by an uptick in projects aimed at strengthening national cyber resilience, with the organization’s experts working in more than 30 countries to build national cybersecurity teams and develop strategies.
In addition to its core services, NRD Cyber Security operates as an MSSP under the CyberSOC name. The company further solidified its position in the Lithuanian market by launching a 24/7 CyberSOC service option in 2023. Notably, the service is provided round-the-clock by real analysts. The company’s unique cybersecurity tools, Natrix and CyberSet, have gained recognition globally and were deployed in various countries in 2023.
NRD Cyber Security, managed by INVL Technology, offers cybersecurity solutions, consulting, and other services with a focus on creating secure digital environments for countries, governments, and businesses worldwide. For more information, contact INVL Technology Managing Partner Kazimieras Tonkūnas at k.tonkunas@invltechnology.lt.