Data protection firm Vault365 eyes further UK expansion and revenue growth

The business, which has an office on Little Island in Cork, has experienced high demand since it launched on the Irish market last year amid a surge in cybercrime and ransomware attacks

Vault365 CEO Cillian McCarthy: 'We are seeing a huge demand for data backup solutions among businesses in the face of an evolving cyber threat landscape.'  File picture

Data protection firm Vault365 has predicted its revenues will reach more than €2m in the next 18 months following plans for further expansion into the UK market. This revenue forecast increased from a previous estimate of €750,000 for 2023.

The business, which has an office on Little Island in Cork, launched on the Irish market last year and has experienced high demand for its services as cybercrime and ransomware attacks are on the rise.