RCS - Acuity RM Group PLC - New product launch

Acuity RMAnnouncement

22/04/2024 07:00

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RNS Number : 3947L  Acuity RM Group PLC  22 April 2024

NON-REGULATORY

 

Acuity RM Group plc

("Acuity" or the "Group")

 

New product launch

 

Acuity (AIM: ACRM), the software group, is delighted to announce that its
wholly owned operating subsidiary, Acuity Risk Management Limited ('ARML')
which supplies the award-winning STREAMâ software platform for the
Governance, Risk and Compliance ("GRC") market, together with associated
consultancy services, has launched STORM, a counter terrorism risk management
report, at a reception held at the House of Commons.

 

Terrorism is a global and growing issue.  The United Kingdom was the third
most impacted country in Europe in 2021.  This has led to several Government
initiatives including Protect Duty, also known as Martyn's Law proposed
changes to legislation which was highlighted in the King's Speech in November
2023 for the current parliamentary session.  The law will require a range of
assessments to be carried out together with appropriate risk management
measures.  It will impact all large events including sports venues,
festivals, theatrical, and tourist attractions expected to attract more than
100 people.

 

Protect Duty will require the operator of an event to take various prescribed
steps including a general written risk assessment covering its activities, to
take steps to cover security risks such as terrorism.  This includes a
general written assessment covering its activities and specific measures
including staff training, co-ordination between various bodies such as stadium
staff and the police.  Use of STORM covers all the key elements to fully
comply with Protect Duty.  Failure to comply could result penalties including
criminal prosecution and fines for the organisation, its management as well as
impacting its insurance.

 

 

Kerry Chambers, Chief Executive ARML, commented; "I am proud to launch STORM,
our latest innovation in risk management reporting. With the increasing global
threat of terrorism, it has never been more important for organisations to
proactively manage their security risks and ensure the safety of their
stakeholders.  STORM addresses this fast emerging market driven by best
practice and the proposed Protect Duty legislation. Acuity brings its
experience of  complex risk management and support the creation of safer,
more secure environments for all."

 

 

 For further information please contact:

 Acuity RM Group plc                      https://acuityrmgroup.com (https://acuityrmgroup.com)

 Angus Forrest                            +44 (0) 20 3582 0566

 

Note to Editors

Acuity RM Group plc

Acuity RM Group plc (AIM: ACRM), is an established provider of risk management
services. Its award-winning STREAM® software platform collects data about
organisations to improve business decisions and management.  It is used by
around 70 organisations in markets including government, utilities, defence,
broadcasting, manufacturing and healthcare.

 

The Company is focused on delivering long term, sustainable growth in
shareholder value. In the short to medium term this is expected to come from
organic growth and thereafter may also come from complementary acquisitions.

 

 

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