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NCC looks to more mergers and acquisitions

UK firm looks to more deals in the US and Britain

05 July 2010

British firm NCC Group considering further mergers and acquisitions after posting an increase in profits.

The computer security business reported an 18 per cent rise in full year pre-tax profit, which was driven by recent takeovers.

NCC increased its revenue by 15 per cent to £53.7 million following the acquisition of two companies.

Group dividend also rose by 16 per cent to 10.75 pence per share, with shares hitting a two-year high of 442 pence per share on Monday (July 5th).

Rob Cotton, chief executive of NCC, claimed the firm is eyeing more deals in a bid to sustain its present growth.

He said: "We have acquired and integrated a number of businesses, which have considerably widened our capabilities, both in the UK and internationally.

"We have a very sound business model that will continue to evolve and develop."

NCC serves 94 of the firms listed in the FTSE 100, including Vodafone and BAE Systems.

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