BRSD named third best DRP service provider

RNS Number : 3265N

Brandshield Systems PLC

23 January 2023

 

23 January 2023

BrandShield Systems plc

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

Frost & Sullivan Recognise BrandShield as a Top Tier Global Digital Risk Protection Provider

Cybersecurity Market Experts Praise BrandShield's Brand Protection Capabilities in 2022 Report

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection ("DRP"), has been named the third best DRP service provider globally in a 2022 review by Frost & Sullivan ("F&S") the global business consultancy group.

F&S analysed over 20 DRP specialists across the cybersecurity sector, selecting eight vendors which should be considered first for investment and partnerships, with BrandShield awarded third place.

BrandShield ranked highly for both innovation and growth, two key performance indicators utilised by F&S. F&S's cybersecurity industry experts commended BrandShield for its extensive brand protection capabilities, with the Company highly experienced in effectively detecting and eliminating a wide range of cyberthreats, from phishing attacks to brand impersonation.

Concurrently, F&S highlighted BrandShield's "steady growth rates in the past three years", recognising the Company's strong progress in expanding its market presence in key growth territory North America, which was principally achieved through direct sales and online channels. ¹

According to F&S, the DRP market is on a high growth trajectory as the number of cyberattacks on organisations' brands, customers, and employees continues to rise. The DRP market is increasing at a compound annual growth rate of 39.7% from 2021 to 2026, whilst F&S expects it to reach $917.7 million by 2026.¹

With a significant existing North American footprint and clients across a range of verticals including financial services and pharmaceuticals, BrandShield is well positioned to continue to deploy its highly automated SaaS offering to capitalise on the high demand for DRP solutions.

"Brand protection is no longer just a cybersecurity issue," explains Frost & Sullivan. "BrandShield's intuitive user interface (UI) enables legal, marketing, and cybersecurity teams to collaborate more efficiently and mitigate brand impersonation attempts on all forefronts."

Yoav Keren, Chief Executive Officer of BrandShield, commented:

"We're delighted to have been recognised by the highly regarded team at Frost & Sullivan, which has decades of experience covering the cybersecurity market and sector trends.

To not only be included alongside the calibre of DRP providers in Frost & Sullivan's report but be ranked in the top three speaks volumes of the significant progress our dedicated team has made in recent years to grow our reputation and augment our DRP services.

Looking ahead, we're focused on continuing to build on the strong business momentum generated in 2022 and remain committed to expanding our market presence to deliver best-in-class cybersecurity solutions to even more brands across the globe."

1 Frost & Sullivan, Frost Radar™: Digital Risk Protection Services Report, 2022

Enquiries:

BrandShield Systems plc Yoav Keren, CEO	[phone]
Spark Advisory Partners Limited (Nominated Adviser) Neil Baldwin / Andrew Emmott / James Keeshan	[phone]
Shore Capital (Joint Broker) Toby Gibbs / James Thomas(Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Kendall Hill [e-mail]	[phone]

About BrandShield

Brandshield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits.

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