Falanx Group announced the appointment of Stuart Bladen as Chief Executive Officer, effective immediately. Stuart 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, Stuart doubled the company's size to 400 staff and annual turnover of £120 million. Stuart'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 USD 2 billion+ turnover operation. Stuart joins Falanx with a view to further driving cyber security and intelligence opportunities, as the company builds on the momentum achieved following the streamlining of operations earlier this year. A key focus for Stuart will be to ensure that the company continues to take advantage of the growing opportunities across the cyber security and intelligence markets and further develop its enlarged product suite, which was enhanced by the acquisition of Advanced Security Consulting Limited in May 2016. As part of these arrangements, John Blamire steps down as CEO but will continue to serve on the Board as an executive director, working alongside Stuart to play a significant role in developing new markets, strategic opportunities and assist in the further development of the company's core offering.

The company announced revenue results for the six months ended September 30, 2016. The company's trading was in line with management expectations with revenue for the period of £1.22 million, 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.