Software firm Asset Guardian Solutions announced a 50% rise in annual turnover due to increased international demand for its products.

The Edinburgh-based business said that it had achieved a string of customer wins as more companies sought effective cyber security management and compliance.

It now serves companies in oil and gas, utilities, power generation, chemical processing, pharmaceutical and food and drink.

Worldwide spending on cyber security management is expected to reach in excess of $133bn by 2022, with operational technology being a prime target.

There is increasing pressure from governments and regulators for businesses effectively manage these threats.

The company has made changes to its leadership team to help drive its corporate growth strategy.

Tina Steele, who was the company’s marketing manager for five years, was promoted to the role of business strategy manager. Her new role leading the corporate strategy follows her completion of a an MSc in digital marketing leadership at the University of Aberdeen.

Blaire McLeod has been appointed as information security manager. He has been with the company for four years, and brings experience as a technical consultant in designing new products and features.

Asset Guardian managing director Ewan McAllister said: “The outcome of the enforced changes due to Covid and the structural changes is a more balanced team with exciting new initiatives for both our work and personal time leading to an organisation that we are all proud to be part of.”

Operations director Iain Rennie added: “We have been very fortunate to be able to continue all our operations using remote working, and have even succeeded in surpassing our growth forecasts over the period.

“This is testament to the hard work and dedication from all in our team, and as well as reorganising, we are significantly expanding our team so we can continue to deliver excellent service to our expanding customer base.”

Don’t miss the latest headlines with our twice-daily newsletter – sign up here for free.