- Falanx Group has appointed Stuart Bladen as chief executive with immediate effect.

Falanx says Bladen has a deep understanding of the Cyber Security industry, in particular the arena of consulting and managed security services.

As executive chairman of Vistorm Limited, Bladen doubled the company's size to 400 staff and annual turnover of £120m.

Vistorm was a provider of consulting, managed security services and network solutions to companies needing a specialist security partner and is now HP Information Security UK Ltd, part of the Hewlett Packard group.

Bladen's past track record also includes leadership roles at Hewlett Packard as vice-president of UK Public Sector and for the Middle East, Mediterranean and Africa, where he managed a US$2Bn+ turnover operation.

In addition he has held senior roles at EDS, Hitachi, Unisys and PwC where he led teams of up to 18,000 people with business units delivering revenue of more than US$3Bn.

Falanx says trading for the six months to 30 September 2016 was in line with management expectations with revenue for the period of £1.22m, which is an increase of 54% compared to revenues achieved for the same period last year.

During the period, the Company continued to focus on developing core cyber security skills to address the significant market opportunities. Furthermore, the Company has now successfully integrated the recent acquisition of ASC. The Company benefited from increased revenue as it secured long-term contracts with blue chip businesses and governments worldwide. The Company's sales mix has benefited from a significant increase in Cyber Security services and a very solid half year in Intelligence services.

At 3:47pm: [LON:FLX] Falanx Group Plc share price was +0.25p at 6.38p

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