Preventative cybersecurity company endpointX has announced a 245% increase in revenue to £3.3m.

The Cheshire-based business was founded in 2019 by former Bank of America and Barclays work colleagues Scott Lowe, Daniel Stead, Joe Michael and Tom Beasor.

Since then the company has gone on to build a portfolio of blue chip clients across Europe, with customers ranging in size from 500 to 20,000 employees.

The business saw revenues grow from £1.34m in 2021 to £3.3m in 2022.

The growth saw endpointX recognised as the 18th fastest growing tech company in the North at the 2023 Northern Tech Awards, held last week in Edinburgh.

Lowe said: “We’re all absolutely delighted to be recognised for the hard work that has resulted in such great results last year.

“We’ve always known that focusing on prevention to ensure that breaches don’t happen in a company is sometimes hard for boards to prioritise.

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“They often only fund this type of investment after the worst has happened, but after winning several new deals this year, it’s clear that CISO’s and CIO’s like our approach to keeping companies safe.

“We have also seen a big increase in companies wanting us to provide patching and vulnerability management services. This has meant we are continuing to hire bright, outstanding engineers and consultants in the region.

“We continue to closely partner with Tanium to provide world class technology which we use to provide our services.

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“While being a technology-centric company, we can easily serve our UK and European customers remotely, but at the same time, we are very proud to be predominantly based in the North.”

In total endpointX employ eight staff but have plans to expand.