Managed Services Major Contract Wins

RNS Number : 8428F

ECSC Group PLC

12 March 2020

 

12 March 2020

ECSC Group plc
("ECSC" or the "Company" or the "Group")

Managed Services Major Contract Wins

ECSC (AIM: ECSC), the provider of cyber security services, is pleased to announce two major managed service contract wins, for a national charity and high street retailer, with a combined revenue value in excess of £590,000.  These represent more than 20% of the current managed services order book.  This revenue will be recognised throughout the duration of the contracts, each of which are for three years.

Both contracts are to provide 24/7/365 cyber security monitoring and breach detection, utilising ECSC's proprietary Kepler Artificial Intelligence, managed from the Group Security Operations Centres in the UK and Australia.

Ian Mann, Chief Executive Officer of ECSC, commented:

"We are delighted to announce two further major contract wins across two diverse sectors.  The charity win is the first major managed service win to originate from the new ECSC partner programme, highlighting the positive progress in this area.

Following the introduction of the 2019 GDPR fines, a wide range of clients are increasingly recognising the need for cyber security managed services.  Our strategy of winning consultancy clients, and clients from within the partner programme, then developing them into long-term recurring managed service clients continues to be effective."

Enquiries:

ECSC Group plc (including press enquiries) David Mathewson, Non-Executive Chairman Ian Mann, Chief Executive Officer	[phone]
Allenby Capital (Nominated Adviser and Broker) David Hart Nicholas Chambers For more information please visit the following: https://investor.ecsc.co.uk/	[phone]

Notes to Editors

AIM listed ECSC Group plc, is the UK's longest running, full service cyber security provider.  Its consultancy-led approach, in addition to its custom methodologies and in-house proprietary technologies, enables ECSC to support all organisations across every sector.  ECSC has significant intellectual property, including Artificial Intelligence delivering remotely managed cyber security breach detection.  

Established in 2000, ECSC operates from two Security Operations Centres (SOCs), one in the UK, based in Yorkshire and the second in Brisbane, Australia allowing ECSC to provide true 24/7/365 cyber security monitoring, detection and incident response.  ECSC also helps organisations test their cyber security, prevent breaches and achieve industry certifications.

The senior management team has over 80 years combined experience within the Company, and has delivered consecutive organic growth for the last 20 years. 

ECSC's client list ranges from e-commerce start-ups to global organisations, and the Company counts 10% of the FTSE 100 amongst its clients. 

 

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