Investment In Innovation Helps Synectics Secure Successful Growth
CARPINTERIA, Calif., July 31, 2012 /PRNewswire/ -- Boosted by international success and investment in innovation, Synectic Systems, Inc. (Synectics) a part of Synectics plc, has announced a 22% increase in revenue for the year ended 30 November 2011, compared with the previous 12 month period.
The security solutions specialist recorded revenue of £37.6 million, a major factor in the impressive revenue growth of 13% announced by Quadnetics – helping the Group achieve overall sales of £69.1 million in 2011.
Nigel Poultney, Finance Director of Synecitcs plc (formerly Quadnetics Group plc), commented: "Quadnetics achieved solid growth in 2011 and has continued to build on that success, supported significantly by Synectics' improved performance.
"All Synectics businesses achieved strong growth against a tough economic backdrop, with Synectics Network Systems and Synectics Industrial Systems demonstrating particularly impressive growth rates of 28% and 26% respectively."
Investment of £1.8 million in research and development, via its dedicated Technology Centre, has seen Synectics expand its suite of software-based intellectual property – enabling growth in key markets and success with major international contracts.
Cate Brisbane, Synectics plc Marketing Manager, said: "Synectics has traditionally performed well internationally but a focused approach to developing surveillance systems that meet specific sector needs has really strengthened this position. Major contract wins within the US gaming industry and for world leading oil and gas projects in Australasia and the Middle East, played a key role in Synectics achieving such significant growth."
To learn more about Synectics, visit the website at www.synecticsusa.com.
Synectic Systems (Synectics) is part of a stable, fast-growing, publicly traded, global surveillance technology group with offices in the United States, United Kingdom, Middle East and Asia. With widespread distribution, service, and support facilities, Synectics products are now monitoring some of the world's most secure and best-known city centers, railways, casinos, refineries, banks, campuses and retail stores.
Whether a project requires a new IP-based video network, upgrading a legacy recording system, or combines a variety of mobile, fixed, analogue and digital surveillance technologies and third party alarm systems, Synectics offers field-proven hardware and software solutions to intelligently and efficiently meet security needs, all from an integrated, intuitive, and customizable user interface.
SOURCE Synectic Systems, Inc.
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