RCS - GRC Intnl.Group PLC - Multi-year PCI & new cloud security contracts won

Grc InternationalAnnouncement

27/05/2022 07:00

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RNS Number : 9794M  GRC International Group PLC  27 May 2022

27 May 2022

 

GRC International Group PLC

("GRC" or the "Group")

 

Multi-year PCI contract signed and newly launched cloud security consultancy
service wins first contract

 

GRC International Group PLC (AIM: GRC), the international governance, risk
management and compliance company whose main business is cyber
defence-in-depth, has signed a multi-year Payment Card Industry (PCI)
security testing contract with a global provider of managed network solutions.
The contract is expected to generate approximately £140,000 over a three year
term.

 

Furthermore, the Group's recently launched cloud security consultancy service
has signed its first contract.

 

Combined, this represents a strong start for the Group's technical security
business and is strategically important for the direction of GRC going
forward.

 

GRC's cyber security testing business is accredited by CREST and is also a PCI
QSA (payment card industry qualified security assessor). All its security
testing staff are directly employed, with multiple years of testing experience
and a raft of current industry qualifications.

 

Alan Calder, Chief Executive Officer, commented:

 

"We only launched our new cloud security consultancy service last month. To
secure such a strategically important contract is testament to our
capabilities as well as market demand.

 

"The depth of skill and experience in our cyber security team is fundamental
to our ability to win longer term testing contracts which are also driving an
expansion in our global footprint across the USA and EU.

 

"Furthermore, nation-state and cyber criminal threats, and the increasing
cyber compliance regulatory actions, are not driven by the economic cycle.
We are therefore seeing in our Services division, which includes our technical
security business, a notable shift away from being a cyclical business. In
fact, in the first seven weeks of this financial year, the value of customer
contracts won in our technical security business is 107% up on the same period
a year ago."

 

ENDS

 

 

Enquiries:

 

GRC International Group
PLC
+44 (0)330 999 0222

Alan Calder, Chief Executive Officer

Christopher Hartshorne, Finance Director

 

Grant Thornton UK LLP (Nominated Adviser)
                                +44 (0)20 7383 5100

Philip Secrett/Jamie Barklem/Daphne Zhang/Samuel Littler

 

Dowgate Capital Limited
(Broker)
+44 (0)20 3903 7715

James Serjeant/David Poutney/Russell Cook/Nicholas Chambers

 

Meare Consulting
 
            +44 (0)7990 858548

Adrian Duffield

 

 

About GRC International Group PLC

 

GRC is an international governance, risk management and compliance company
whose main business is cyber defence-in-depth.

 

A technology business, its proprietary premier brands including the market
leader, IT Governance, offer 'Our expertise, your peace of mind' for GRC's
wide range of domestic and international corporate customers across all
industrial sectors.

 

GRC's three operating divisions - Software as a Service (SaaS), e-Commerce and
Services - offer a wide range of products and services encompassing: IT
governance, risk management, compliance with data protection and cyber
security regulations, online and in-person training and staff awareness,
consultancy, online publishing and distribution as well as software. The
Group's capabilities also include products and services to enable corporates
to address wider governance issues such as money laundering and bribery.

 

In addition to its UK business, GRC has operations in the EU and US.

 

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