Strategic Partnership Agreement and Contract Win

Smarttech247 Group PLC

21 August 2023

 

21 August 2023

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Strategic Partnership Agreement and Contract Win

Smarttech247 announces a strategic partnership with Abnormal Security to bring AI-powered email security to Europe, which has already resulted in a contract win with a global aviation organisation.

Smarttech247, a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce a strategic partnership agreement with  Abnormal Security, a leading behavioural AI-based email security platform.

Smarttech247 and Abnormal Security will work closely together, combining cloud-based behavioural AI to stop the full spectrum of modern email attacks, including business email compromise, vendor and invoice fraud, advanced credential phishing and more. The first notable win as a result of this partnership is a multi-year contract worth nearly €400k, over two years, with a global organisation within the aviation industry sector.

Unlike traditional secure email gateways, Abnormal Security takes a different approach to stopping email attacks. The cloud-native API architecture ingests thousands of signals across multiple platforms to build a baseline of the known-good behaviour of every employee and vendor in an organisation based on communication patterns, sign-in events and thousands of other attributes. It then applies advanced AI models including natural language processing ("NLP") and behavioural analytics to detect abnormalities in email behaviour that indicate a potential threat and prevent attacks from reaching end users.

Abnormal Security will be integrated into Smarttech247's comprehensive managed detection and response ("MDR") service, VisionX, to provide a unified and proactive security solution. The platform combines real-time threat monitoring, rapid incident response and advanced analytics to protect clients from cyber threats.

Raluca Saceanu, Chief Executive Officer of Smarttech247, commented:

"Our partnership with Abnormal Security underscores our commitment to delivering more advanced cybersecurity solutions to both existing and new customers. We are also pleased to announce our first contract win, as a result of this partnership, with a significant global company in the aviation sector.

"We are looking forward to working closely together to help prevent cyberattacks for our customers by enhancing cloud email protection."

Stevie Dennis, Channel Manager of EMEA Alliances at Abnormal Security, commented:

"The team at Smarttech247 has a strong understanding of what their customers need and are able to navigate them through the thousands of security offerings in the market to find the right solution.

"Working with Smarttech247 over the past few months has been a great experience. Their long-standing and trusted relationships with their clients means that we've been able to turn technical champions into business advocates within four weeks of the first meeting. We are confident that this will be a very successful partnership and look forward to continuing to grow it throughout Europe."

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For further information please contact:

Smarttech247 Group PLC	Tel: [phone]
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited - Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital - Joint Broker	Tel: [phone]
Damon Heath
Fortified Securities - Joint Broker	Tel: [phone]
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: [phone]

About Smarttech247

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. 

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

For further information please visit www.smarttech247.com

About Abnormal Security

Abnormal Security provides the leading behavioural AI-based email security platform that leverages machine learning to stop sophisticated inbound email attacks and dangerous email platform attacks that evade traditional solutions. The anomaly detection engine leverages identity and context to analyse the risk of every cloud email event, preventing inbound email attacks, detecting compromised accounts, and remediating emails and messages in milliseconds-all while providing visibility into configuration drifts across your environment. You can deploy Abnormal in minutes with an API integration for Microsoft 365 or Google Workspace and experience the full value of the platform instantly, with additional protection available for Slack, Teams, and Zoom. More information is available at abnormalsecurity.com.

 

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