Contract Renewal

RNS Number : 8480X

Shearwater Group PLC

01 September 2022

 

01 September 2022

RNS Reach

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Contract Renewal

Brookcourt Solutions secures contract renewal with a leading British telecoms business

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant support contract renewal with a leading British telecommunications company headquartered in London, England. 

The renewal is for a support contract for a data protection and monitoring platform with the company, which provides mobile, telephone, television, and internet services across the United Kingdom.

The contract value exceeds £980,000 across the next 12 months and ensures that Brookcourt's client continues its use of effective data protection, solutions and tools to protect its proprietary data, as well as its customers' critical data. The solution improves the organisation's overall security; helping mitigate database risks and detecting compliance and security policy violations.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"We are delighted to be part of a security programme with one of the UK's largest telecommunications companies. This renewal is another great example of how we continue to partner with our customers so that they can better understand, manage, and reduce their cybersecurity risk."

Enquiries:

Shearwater Group plc David Williams, Chairman Phil Higgins, CEO	www.shearwatergroup.com c/o Alma PR
Cenkos Securities plc - NOMAD and Joint Broker Ben Jeynes / Max Gould - Corporate Finance Alex Pollen / Michael Johnson - Sales	[phone]
Berenberg - Joint Broker  Matthew Armitt / Mark Whitmore	[phone]
Alma PR Justine James / Joe Pederzolli	[e-mail]  [phone]

This is an RNS Reach announcement and the information contained is not considered to have a significant impact on management's expectations of the Group's performance. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG".  For more information, please visit www.shearwatergroup.com .

 

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