Trend Micro reorganisation leads to further investment

ONLINE security firm Trend Micro plans to invest heavily in Ireland following a reorganisation of the company.

Trend Micro EMEA, which covers operations for Europe, said it increased staff numbers in 2010 by 17% to 371, with the majority of these positions based in the Cork operations.

Senior vice-president Anthony O’Mara said it has been an exciting year for Trend Micro.

“Demand for our security and cloud security solutions has continued to grow strongly in EMEA with a number of new strategic partnerships and corporate client wins driving our revenues.

“New product innovations and the acquisition of Humyo.com, now integrated to Trend Micro product lines, have positioned us for significant further growth ahead.”

“Our business infrastructure is being significantly extended to address rising demand for the company’s products in EMEA and the new executive business centre in Cork is now established as an on-site EMEA-wide resource for the education, technical and sales training, and induction of prospects, customers, and partners alike,” he said.

Pre-tax profits of just over €10.3 million were recorded for the year ended December 31, 2010, for the EMEA operations based in Ireland.

In 2009 pre-tax profits were 2009 €17.6m. Profits in 2010 were hit by an acquisition and infrasture investment.

The company report shows that the firm has reported an increase of 40% on last year in operating profits to €6.9m, with an increase of 6% in turnover to €165.7m.

The group said it remains very healthy with cash reserves of over €109 million.

The acquisition of online storage and file back-up provider Humyo.com in June 2010 is reflected in the results, according to the company and this combined with foreign exchange movements during the period and the extensive investment in infrastructure and headcount, would explain the net profit differential from gains in 2009.