Sunderland-based CCTV specialist Hadrian Technology has reported rapid growth over the past 12 months, and has secured contracts that will lead to a turnover of £9m for the year ahead.
The company, which specialises in designing and installing high definition security systems, has experienced 300 per cent growth over the last two years and is now on track to treble its turnover.
Hadrian Technology, which has particular expertise in providing CCTV systems for businesses operating in leisure markets, has secured a large contract in the retail sector and has partnerships in place with global manufacturers including Avigilon, Concept Pro and Dell.
The company's rapid expansion has led to a 500 per cent workforce increase over the last 12 months, with plans in place to recruit at least eight more staff this year.
Gary Trotter, general manager at Hadrian Technology, said: "We are pleased to have had an extremely successful year in which we have expanded our specialist team, secured several major retail sector contracts and formed partnerships with world-leading manufacturers such as Avigilon.
"We’re now looking forward to building on our success and are set to have an even better year in 2015. The contracts we have already secured will substantially increase our turnover and will enable us to invest in our systems, equipment and staff."