Investor Meeting and Trading Update

RNS Number : 8023L

Crossword Cybersecurity PLC

17 May 2022

 

17 May 2022

Crossword Cybersecurity Plc

("Crossword" or the "Company")

Investor Meeting and Trading Update

Crossword Cybersecurity Plc (AIM: CCS), the cyber security solutions company focused on cyber strategy and risk, announces that f urther to its recent announcements, the Company will be hosting an update on the Investor Meet Company platform on today at 2.00pm.

In the meeting, the CEO will announce that the Company has had a strong start to 2022, building on the momentum made in 2021.  The roll out of Rizikon, Crossword's leading product, to membership organisations continues, with the Company aiming to have 1,000 users of Rizikon by the end 2022.

In 2022, Crossword commenced its first engagement with a FTSE 100 company, delivering high end cyber consulting services. Additionally, contracts have been entered into with clients in two new overseas jurisdictions in 2022; one a government institution.

The acquisition of Threat Status Limited completed in March 2022, was the Company's third acquisition in 12 months.  Threat Status Limited is a cyber intelligence company, and its two product Trillion and Arc, bring the Company's SaaS product portfolio to five products.

The Company will continue to focus on revenue growth in 2022, and expects to deliver the Company and market expectations of 75% revenue growth.  Cross selling products and services, new client acquisition and bringing Identiproof to market, will drive organic growth.  Having undertaken three successful acquisitions in the last twelve months, the Company expects to be in position to drive future growth with other acquisitions.

Click here to register for the Investor Meet Company event today at 2.00pm A copy of the presentation will be available on the Company's website following the meeting - Company Documents | Crossword Cybersecurity .

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Contacts

Crossword Cybersecurity plc   Tel: [phone]

Tom Ilube, Chief Executive Officer                                                  Email: [e-mail]

Mary Dowd, Chief Financial Officer

Grant Thornton (Nominated Adviser)    Tel: [phone]

Colin Aaronson / Jamie Barklem / Daphne Zhang / Ciara Donnelly

Hybridan LLP (Broker)   Tel: [phone]

Claire Louise Noyce

Kinlan Communications   Tel: [phone]

David Hothersall

About Crossword Cybersecurity plc

Crossword Cybersecurity plc reduces the cyber risks for clients by providing a portfolio of products and services, powered by university and other research-driven insights. Crossword focuses on the development and commercialisation of cyber security and risk management related software and cyber security services. The Group's specialist cyber security product development and software engineering teams develop the research concept into a fully-fledged commercial product that it will then take to market. The Group's aim is to build up a portfolio of revenue generating, intellectual property based, cyber security products. Rizikon Assurance, Crossword's leading product, is a SaaS platform that enables medium to large companies to assess and manage all risks from their suppliers. Nixer CyberML, another Crossword product, is a new tool for businesses that want to solve advanced security and cybercrime problems, such as detecting and dealing with compromised accounts, fraud, and in-application denial of service attacks. Identiproof, is the World Wide Web Consortium (W3C) verifiable credentials compatible middleware and wallet technology.  Trillion and Arc  are the latest additions to Crossword's product suite, offering some  of the strongest and most advanced credential leak monitoring services in the market.  Crossword's team of expert cyber security consultants leverages years of experience in national security, defence and commercial cyber intelligence and operations to provide bespoke cyber security consulting advice tailored to its clients' business needs, including threat monitoring using Nightingale, our world class platform.

 

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