REG-Acuity RM Group Plc: Acquisition

Acuity RMAnnouncement

19/11/2024 07:15

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

19 November 2024

Acuity RM Group PLC

("Company")

Acquisition

 

Acuity RM Group plc (AIM: ACRM), the risk management software group
delivering GRC SaaS solutions, is pleased to announce its wholly owned
subsidiary Acuity Risk Management Ltd (“Acuity”) has acquired the Rizikon
product including software, IP and customer lists from Crossword Cybersecurity
plc (in Administration) (“Seller”) for a cash consideration of £15,000.

Rizikon is an automated Third Party GRC software product which allows
organisations to track, manage and report on supplier compliance with company
policies by providing risk scorecards and compliance dashboards to report on
third-party risks, improving third-party assurance and risk management through
automated, secure and standardised systems leading to increased visibility of
suppliers.

For the year ended 31 December 2023 Rizikon generated revenues for the Seller
of £252,000.

One of the most important elements of the acquisition, in addition to the
expected material resultant growth in Acuity’s revenues and customer base,
is the opportunity it affords Acuity to significantly increase its
connectivity and potential customer partnership with major organisations. In
particular, as a result of the acquisition of the Rizikon assets, an
opportunity has immediately arisen for Acuity to enter into direct commercial
negotiations with two significant organisations as partners to distribute both
Rizikon and Acuity’s STREAM products. These potential new partners of
Acuity, one of which is a major defence contractor, have the capability to
enable Acuity to grow new customer numbers and revenues materially, over and
above the Rizikon assets’ anticipated contribution to Acuity’s overall
future performance.

Angus Forrest commented: "I am delighted to announce the acquisition of the
Rizikon software product.  It should bring significant additional revenues as
well as new customers and partners; it also offers opportunities for upsell to
current and ex customers of Rizikon as the Company seeks to accelerate its
growth of Acuity. This is the first step in building the business by using a
focused acquisition to supplement the organic growth.”

For further information: 

 Acuity RM Group plc                            020 3582 0566                  
 Angus Forrest, Chairman                        https://www.acuityrmgroup.com  
 Zeus (NOMAD & Joint Broker)                    https://www.zeuscapital.co.uk  
 Mike Coe / Sarah Mather                        020 3829 5000                  
 Peterhouse Capital Limited (Joint Broker)      020 7469 0936                  
 Lucy Williams / Duncan Vasey                                                  
 Clear Capital Markets Limited (Joint Broker)   020 3869 6080                  
  Bob Roberts                                                                  

 

Note to Editors

Acuity RM Group plc (AIM: ACRM), is an established provider of risk management
services. Its award-winning software platform, STREAM, which collects and
analyses data about organisations to improve business decisions and
management, 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 from organic growth and complementary acquisitions.



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