Consult Hyperion, a consultancy specialising in secure electronic transactions, has released its results for the financial year to 31 March 2012. This shows turnover increasing 40 per cent to £5.6 million with a commensurate growth in net profit to £725,000.

The company plans to use the results as a platform for international expansion, starting with a US operation later this year. Neil McEvoy, CEO, comments: "Our strong, profitable growth, obtained in a time of challenging economic conditions, is a reflection of our track record in creating ground-breaking secure transaction services and our customers' faith in our advice, expertise and integrity. We are addressing strong demand for our services in North America by setting up a New York-based subsidiary.”

Some of the company's recent projects include advising Transport for London on adding "open loop" payments to the Oyster infrastructure and Telefonica O2 on its new wallet and payment propositions. David Birch, Consult Hyperion's global ambassador, adds: "Some of our most interesting and exciting new projects are in the area of identity and identity management. These will change the nature of e-commerce, e-business and e-government in the next decade.”

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