Víntegris’ 2016 annual turnover up 20 per cent with sales of 5.09 million euros
The manufacturer of information security technology increased its workforce by 32 per cent and invested 10.3 per cent of its turnover in R & D & I
Barcelona, 27th March 2017. Information security solutions manufacturer Víntegris has closed 2016 with a 5.09 million euros turnover, 19.6 per cent more than in the previous year, and continues its strong growth trajectory, having increased sales by 64% in the last two years.
In 2016 Víntegris has increased the number of customers and strengthened its implementation in the market with its own technology solutions vinACCESS and vinCERT. In parallel its Services Division continues to manage an increasing volume of projects
Víntegris has made a significant innovative effort in 2016, aimed at the evolution of its technologies towards the global solution nebulaSUITE, which has also included the investment in the creation of its own certification body and the adaptation of its digital certificate management technology to the European directive eIDAS, in addition to the process of obtaining Common Criteria certification. As a result, investment in research, development & innovation has risen to 475 thousand euros, 10.3% of its turnover, and stands as the largest investment in innovation made by Víntegris throughout its history.
Consistent with the growth in the number of clients and projects, as well as the company’s innovative effort, the number of employees has continued its strong upward trend in 2016. At year-end, Víntegris has 71 employees, 32% more than the previous year.
The high R & D investment, as well as the participation in international fairs and the necessary expansion of the company’s offices in Barcelona to accommodate the increased volume of employees has restricted the results for the year. The result before tax stood at 529,053 €, 2.0% above the 2015 figure, while EBITDA totalled 751,868 €, 5.0% more than in the previous year.
Víntegris is a manufacturer of information security solutions, and specialist in the sectors of digital certificate management, digital signature and robust user authentication, in which it has developed innovative systems and applications that today are used by banks, insurers and distribution companies. As a manufacturer, it operates under the brand Víntegris Tech.
Founded in 2004 as a consultant and integrator of information security solutions, the company continues to have a Services Division whose main clients are large Spanish firms in the banking and insurance sectors.
Víntegris has an R & D centre at its headquarters in Barcelona (L’Hospitalet de Llobregat) and in 2016 allocated 10.3% of its turnover to the development of new solutions. It has 71 employees and closed 2016 with a turnover of 5.09 million euros.