brandshield systems plc said tuesday that 2022 revenue grew on year as it expanded its client base and increased new business the londonlisted cybersecurity company said annual recurring revenue rose 60 in 2022 to 84 million with a 55 increase in new business and upsells commercial revenue grew 55 to 64 million the company ended the period with cash reserves of 26 million it said brandshield said that its client base rose 41 to 183 companies as we expand our customer base and our market presence the company looks forward to an exciting period ahead as we are wellplaced to deliver our marketleading digital risk protection services chief executive yoav keren said shares at 0815 gmt were up 040 pence or 78 at 550 pence