Digital Barriers aims for growth

Digital Barriers bought Leeds-based video surveillance firm Coe in September.

Announcing its unaudited results for the seven months ending September 30 2010, the company revealed that it had raised 20m before expenses from its AIM IPO in March.

The company said it had secured four acquisitions in the surveillance, imaging and recognition area so far, and the integration of these businesses was well underway.

Digital Barriers has established an office in Singapore, and the company said its strategy had been validated by ongoing international terrorist activity and the counter-terrorism response.

Dr Tom Black, executive chairman of Digital Barriers, said: "I am pleased with the progress that Digital Barriers has made since its IPO in March. We came to market with a plan to build a new leading player in the homeland security market and we have wasted no time in getting to work.

"Homeland security remains a large, growing and dynamic global market place. Whilst these are still early days, I believe that the four acquisitions we have made so far this year create a solid base on which we can continue to extend the scope and capabilities of our business in the months and years ahead."