REG - Brandshield Systems - Q3 2022 Update

Brandshield SystemsAnnouncement

03/11/2022 07:01

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RNS Number : 1324F  Brandshield Systems PLC  03 November 2022

3 November 2022

 

BrandShield Systems plc

 

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

 

Q3 2022 Update

 

172 customers by Q3 2022 end, continuing strong customer traction

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions for brand oriented digital risk protection, is pleased to announce
that the Company has continued its strong business momentum across Q3 2022,
underpinned by key customer wins across multiple sectors geographies.

 

Key highlights include:

 

·    Expanded US footprint: a key territory for the Group, BrandShield
secured several new contracts with companies across the healthcare, consumer
products, and media spaces, among others.

 

·    Increased international presence: BrandShield  with a health and
pharmaceutical company based in the country, demonstrating BrandShield's
global reach and the ever-expanding demand for cybersecurity protection
worldwide.

 

·    Strengthened portfolio of clients operating in the financial services
sector:  in Q3 2022, the Group secured eight new mandates with financial
services companies. BrandShield's brand oriented digital risk protection
solutions are fast becoming critical in a sector with considerable exposure to
a broad range of cyberthreats.

 

·    Expanded food and drink presence: BrandShield agreed contracts with
leading global food and beverage companies. With Criminal counterfeiters and
fraudsters a growing threat to the food and drink industry, BrandShield
continues to monitor potential growth opportunities in the sector.

 

By the end of Q3 2022, the Group had increased client numbers to 172, from 153
at the end of H1 2022, deploying its highly automated SaaS operating model to
monitor, identify, and eradicate a number of cyberthreats impacting the
performance and security of brands, from social media impersonations to
potentially harmful phishing attacks. BrandShield remains well positioned to
add to its already robust portfolio of clients, with cybercrime a fast-growing
concern for businesses worldwide and threat actors increasingly targeting a
wider range of sectors.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"BrandShield's unique capabilities and cutting-edge technology, developed and
enhanced by our team of highly skilled employees, has accelerated our growth,
enabling the Company to become a go-to provider of choice for digital risk
protection, as reflected by the number of customer mandates secured in Q3
2022.

 

"We are developing an enviable portfolio of clients to continue our mission of
safeguarding brands from various online threats which are heavily disrupting
the daily operations of businesses globally, and we look forward to providing
shareholders with further updates on significant business activities".

 

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 / Rachel Goldstein (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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