Cybersecurity company Paradyn has announced it will create 20 jobs in Cork and Dublin over the next two years.
In that time, the Cork-based group expects revenues across its companies Paradyn and Vault365, the data back-up and recovery specialist, to grow from €9m to €13m.
New roles will be created in areas of cybersecurity, network services, and sales to help to group provide an enhanced services portfolio to customers in Ireland and the UK.
Paradyn anticipates rapid growth in demand for cybersecurity support, back-up and disaster recovery, and cyber framework consultancy over the next two years, driven by a lack of in-house cybersecurity resources among customers, an increasing focus on cybersecurity best practice, and requirements under the NIS2 Directive.
The company also expects to grow its customer base by 25% in the next two years, with a particular focus on enterprise, local government, and central government, and will expand to a 24/7 service.
“We are on an exciting path of continued growth as cyber risks become ever more complex. Across the board, we are seeing an increased demand from customers for specialist cybersecurity solutions and services, and the need for high quality technical talent remains at an all-time high,” said Cillian McCarthy, CEO of Paradyn.
“To meet evolving needs, we are expanding our team to enable our customers to grow and succeed, safe in the knowledge that their critical and sensitive data is protected.
“In addition, with our deep experience in rolling out cybersecurity frameworks, Paradyn is well positioned to advise on and implement the necessary steps to ensure that our customers are compliant with changing regulations such as NIS2.
“We are looking forward to growing our technology expertise and continuing to roll out new and enhanced services to both new and existing customers.”
The latest accounts for Paradyn holding company Exigent Network Integration Ltd reported accumulated profits of €1.7m at the end of 2023 after making an annual profit of €447,600, up from a €293,500 loss the previous year. The company had around 37 staff last year.
Paradyn was formed from the 2018 merger of Exigent Networks, Irish Telecom and Netforce.
Photo: Cillian McCarthy. (Pic: Supplied)
