Major Contract Wins for MDR Division

RNS Number : 3076P

ECSC Group PLC

17 February 2021

 

This announcement contains inside information as stipulated under the UK Market Abuse Regulations ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

17 February 2021

ECSC Group plc

('ECSC' or the 'Company' or the 'Group')

Major Contract Wins for Managed Detection and Response Division

ECSC Group plc (AIM: ECSC), the provider of cyber security services, is pleased to announce two significant contract wins in its Managed Detection and Response (MDR) division for one of the UK's major charities and a national leisure group. 

ECSC will provide 24/7/365 cyber security monitoring, detection and response support from the Group's Security Operations Centres (SOCs) located in the UK and Australia, employing its proprietary Kepler Artificial Intelligence (AI) technology to deliver an enhanced service.

The contracts, both of which are for an initial period of three years, have a combined revenue value in excess of £550,000. Revenues will be recognised throughout the duration of the contracts.

In addition, during January 2021, ECSC gained eleven new clients within its Assurance Division for a wide range of consultancy engagements across a number of diverse industries. ECSC's Assurance Division helps organisations test their cyber security, prevent breaches and achieve industry certifications.

Ian Mann, Chief Executive Officer of ECSC, commented:

"We are delighted to announce two further significant contract wins for our MDR division across two diverse sectors.  The first client is a service extension, originating from our established Partner Programme, and the second is a new client win.

"These new contracts demonstrate the continued resilience of the long-established MDR service that grew strongly throughout 2020 and has continued to grow in 2021.

"ECSC's MDR services allow clients to receive immediate alerts to potential incidents, and combine expert advice, incident response and containment. Speed of response on a 24/7 basis helps clients prevent breaches escalating into damaging ransomware or loss of personal data, which can potentially lead to large fines under UK GDPR legislation.

"In terms of the continued expansion of the Assurance Division, we are pleased that four of the new clients gained in January 2021 were from our expanding Partner Programme."

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Enquiries:

ECSC Group plc David Mathewson (Non-Executive Chairman) Ian Mann (Chief Executive Officer)	[phone]
Allenby Capital Limited (NOMAD and Broker) David Hart / Asha Chotai (Corporate Finance) Tony Quirke (Equity Sales and Corporate Broking)	[phone]
Yellow Jersey (PR and IR) Sarah Hollins Annabel Atkins Matthew McHale	[phone]

Notes to Editors:

Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest running full-service cyber security service provider. With an extensive range of in-house developed proprietary technologies, including advanced Artificial Intelligence (AI) systems, ECSC provides expert security breach prevention and advisory support to organisations across all sectors.

ECSC operates from two Security Operations Centres (SOCs): one in Yorkshire, UK, and the other in Brisbane, Australia.  ECSC offers flexible 24/7/365 cyber security monitoring, detection, and response support to its clients, either as a fully managed service or to enhance an organisation's existing cyber security systems.  In addition, ECSC's Assurance division provides guidance, certification to industry standards, and extensive testing services to allow organisations to assess their cyber security protection.

ECSC is led by a highly experienced senior management team with over 80 years' combined experience within the company, and has delivered consecutive organic growth for the last 20 years.

The Company's broad client base ranges from e-commerce start-ups to global blue-chip organisations, including 10% of the FTSE 100.

For more information please visit the following: https://investor.ecsc.co.uk/

 

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