RCS - Brandshield Systems - BRSD named third best DRP service provider

Brandshield SystemsAnnouncement

23/01/2023 07:00

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RNS Number : 3265N  Brandshield Systems PLC  23 January 2023

23 January 2023

 

BrandShield Systems plc

 

("BrandShield," the "Company," or the "Group")

 

Frost & Sullivan Recognise BrandShield as a Top Tier Global Digital Risk
Protection Provider

 

Cybersecurity Market Experts Praise BrandShield's Brand Protection
Capabilities in 2022 Report

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions for brand oriented digital risk protection ("DRP"), has been named
the third best DRP service provider globally in a 2022 review by Frost &
Sullivan ("F&S") the global business consultancy group.

 

F&S analysed over 20 DRP specialists across the cybersecurity sector,
selecting eight vendors which should be considered first for investment and
partnerships, with BrandShield awarded third place.

 

BrandShield ranked highly for both innovation and growth, two key performance
indicators utilised by F&S. F&S's cybersecurity industry experts
commended BrandShield for its extensive brand protection capabilities, with
the Company highly experienced in effectively detecting and eliminating a wide
range of cyberthreats, from phishing attacks to brand impersonation.

 

Concurrently, F&S highlighted BrandShield's "steady growth rates in the
past three years", recognising the Company's strong progress in expanding its
market presence in key growth territory North America, which was principally
achieved through direct sales and online channels.(1)

 

According to F&S, the DRP market is on a high growth trajectory as the
number of cyberattacks on organisations' brands, customers, and employees
continues to rise. The DRP market is increasing at a compound annual growth
rate of 39.7% from 2021 to 2026, whilst F&S expects it to reach $917.7
million by 2026.(1)

 

With a significant existing North American footprint and clients across a
range of verticals including financial services and pharmaceuticals,
BrandShield is well positioned to continue to deploy its highly automated SaaS
offering to capitalise on the high demand for DRP solutions.

 

"Brand protection is no longer just a cybersecurity issue," explains Frost
& Sullivan. "BrandShield's intuitive user interface (UI) enables legal,
marketing, and cybersecurity teams to collaborate more efficiently and
mitigate brand impersonation attempts on all forefronts."

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"We're delighted to have been recognised by the highly regarded team at Frost
& Sullivan, which has decades of experience covering the cybersecurity
market and sector trends.

 

To not only be included alongside the calibre of DRP providers in Frost &
Sullivan's report but be ranked in the top three speaks volumes of the
significant progress our dedicated team has made in recent years to grow our
reputation and augment our DRP services.

 

Looking ahead, we're focused on continuing to build on the strong business
momentum generated in 2022 and remain committed to expanding our market
presence to deliver best-in-class cybersecurity solutions to even more brands
across the globe."

 

1 Frost & Sullivan, Frost Radar™: Digital Risk Protection Services
Report, 2022

 

Enquiries:

 

 BrandShield Systems plc                              +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                         +44 (0)20 7408 4090

 Toby Gibbs / James Thomas(Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Vigo Consulting (Financial Public Relations)         +44 (0)20 7390 0237

 Jeremy Garcia / Kendall Hill

 brandshield@vigoconsulting.com

 

About BrandShield

Brandshield is a provider of cybersecurity solutions from brand protection to
online threat hunting. BrandShield detects online threats and takes them down.
The Company's client base is a growing list of organisations including Fortune
500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield
monitors, detects, and removes online threats facing companies. These threats
include social phishing, executive impersonation, fraud, brand abuse, and
counterfeits.

 

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