Monday, May 29th, 2023

Staying Ahead in a Complex Threat Landscape

Article: Chambers Ireland Magazine, May 2023

Recently floated on London’s Alternative Investment Market (AIM) with a market capitalisation of stg£37 million, Smarttech247 is an award-winning managed detection and response (MDR) and managed security operations provider, headquartered in Cork. It raised stg£3.67 million as part of the listing. The cybersecurity firm founded by Ronan Murphy in 2001 boasts a suite of blue-chip clients.

Ronan Murphy, now executive chairman of Smarttech247, was succeeded as CEO by Raluca Saceanu, who has been with the company since it employed ten staff, just nine years ago. She now heads up one of the top cybersecurity companies in Ireland, with a market share of 27% among the medium and large enterprises within Ireland, the UK and the US. Smarttech247 is a multi-award-winning Managed Detection & Response (MDR) company and a market leader in Security Operations.


Trusted by global organisations and combining threat intelligence with managed detection and response, the company provides actionable insights, 24/7 threat investigation, and response through its platform VisionX.
Over the last two years, the company has grown considerably. Smarttech247 was listed on the London Stock Exchange on December 15th 2022. Throughout the IPO journey, Smarttech247 managed to continue to grow and win more customers. Last year alone, the company grew by 75 per cent in terms of headcount and has had an average of 30 per cent year-on-year revenue growth and profitability growth.

As a leading company in the field of cybersecurity services, Smarttech247 understand the ever-expanding threat landscape and its implications for businesses and organisations, including the geopolitical tensions and the proliferation of cyber warfare threats, the explosion of data generation, the shortage of cybersecurity skills, and the increasing sophistication of cybercrime. Smarttech247 works closely with its clients to understand their dynamic risk exposure and through its platform VisionX, the organisation helps customers fortify their defences, ensuring their resilience in the face of potential attacks that could compromise their operations and compromise sensitive information. Raluca has huge plans for expansion and innovation within the industry, she says “With cyber threats becoming increasingly more sophisticated, innovation is critical to stay ahead and keep companies secure. It is important for us that organisations leverage their current technology stack to mitigate risks and strengthen their defences. Our MDR platform VisionX does just that. VisionX provides 24/7 coverage across attack surfaces to detect, investigate and stop threats before they impact your organisation.” VisionX is not just an MDR platform – VisionX has dynamic risk capabilities, cybersecurity validation features, and incident containment alongside a world-class incident response competency.

Smarttech247 was named Cyber Security Company of the Year by Chambers Ireland In Business Recognition Awards 2023.

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