Cyber security software company Titania has acquired new premises in Worcestershire to cater for its growth.
The company secured a £1 million funding package from HSBC's South West Midlands Commercial team to support the transaction.
Titania has purchased Security House, a four storey, 8,500 sq ft property on Barbourne Road, Worcester, as it looks to expand its development and sales and marketing teams.
It was founded in 2010 by Ian Whiting and specialises in developing auditing software to test the security of computer networks and systems.
It has enjoyed strong growth since launching and expects to generate annual sales of £1.8 million during its current financial year and the company now exports its products to more than 60 countries globally.
The firm works with organisations in financial services, telecommunications, IT security, Government and defence.
Titania currently employs 21 people and plans to increase its team to 30 over the next two years, outgrowing its current central Worcester location.
Mr Whiting said: "As the business has grown we've taken over extra parts of the office block we are currently in but we are at maximum capacity and now need our own property to cater for our current size and anticipated growth levels.
"The move will mean we have space to expand our development sales and marketing teams as well other areas of the business."
The finance for the premises acquisition was provided by HSBC in a deal managed by international business banking manager Jon Ewings.
The finance has been allocated from the bank's £500 million SME Fund for the West Midlands.
Andy Willett, HSBC South West Midlands area commercial director, added: "Titania is a fantastic business that is developing products used around the world here in Worcester.
"It has clear growth plans and new products in development that will help propel the company forward. It is typical of many ambitious companies we are working with across Hereford and Worcestershire, investing in their businesses to secure growth."
