Update on Investment

RNS Number : 2266M

Drumz PLC

20 January 2021

 

20 January 2021

This is a non-regulatory announcement

Drumz plc  

('Drumz' or the 'Company')

Update on Investment

Drumz plc (AIM:DRUM) is pleased to announce that, Acuity Risk Management Limited ('Acuity'), in which Drumz has a 20% shareholding with an option to acquire a further 5%, has launched a significant upgrade to its STREAM™ Integrated Risk Manager ("IRM") software product which is used by private and public sector clients to manage their cyber security and other Enterprise risks. 

STREAM™ delivers the agile, risk-based approach required to enable customers' digital transformations and compliance with modern standards such as ISO 27001, NIST, PCI DSS and regulations such as GDPR.  The STREAM™ platform provides seamless, modular, integration across multiple applications, including Health & Safety, Environmental, Business Continuity and Supply Chain.

Product

There are two major changes in Version 5.7, which enhance the product and increase its market appeal and opportunity.

a.  User engagement - V5.7 enables an unlimited number of users to interact with STREAM™ across the business and supply chain via simple, configurable and easy to use webforms.  Where previous versions were used primarily by specialist teams, this innovation allows Acuity to supply an enterprise version enabling it to compete for contracts with the largest organisations.

b.  Data storage - V5.7 integrates with Microsoft Azure - increasingly, privacy legislation requires data to be stored in specific territories and to certain standards.  The integration with Azure increases the flexibility for hosting STREAM™ SaaS data, so making it a true global product.

A contract has been signed with a launch customer, a British television broadcaster; and there are negotiations in progress to upgrade several existing customers in the UK and North America, also new business opportunities.

Acuity's sales team believes these new features will greatly increase the appeal of STREAM™ to larger organisations and combined with the established competitive advantages of speed and ease of deployment will assist them to win new and larger contracts.  This should assist with increasing the average revenues per account.

Sales and marketing

New sales and marketing initiatives to accelerate development and presence in North America and Germany; particularly the North American market where Acuity has some trophy clients and is generating a significant number of sales opportunities.

Also, the Company is launching a new website this month to develop market awareness and image to appeal to larger organisations

More information on Acuity can be found via the following link https:// www.acuityrm.com

For further information please contact:
Drumz Plc	www.drumzplc.com
Angus Forrest	[phone]

Note to Editors

Drumz plc

Drumz plc (AIM): DRUM) is an investing company focused on investing in and acquiring established software businesses that own good technology, have quality customers and which could better exploit their assets and accelerate their growth with the injection of experienced management and new funds.

Drumz will, where necessary, make available some of its experienced management team and provide finance to facilitate the necessary changes, so that the value of the businesses in which Drumz invests will be transformed over a two to four year period. In due course, the new Directors expect to dispose of such businesses, in whole or in part, in order to realise value for Drumz and its shareholders. 

 

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