RCS - Conduity Capital PLC - Update: proposed reverse takeover of Smarttech247

International Business MachinesAnnouncement

11/04/2022 08:15

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RNS Number : 8746H  Conduity Capital PLC  11 April 2022

Reach Announcement

 

11 April 2022

 

CONDUITY CAPITAL PLC

("Conduity Capital" or "the Company")

Update on the proposed reverse takeover of Smarttech247

Key Highlights from Zero Day Con 2022

Further to the announcement dated 4 August 2021, the Company is pleased to
announce that it continues to make good progress on the proposed reverse
takeover of Smarttech247. Also, Smarttech247 recently hosted a global
cybersecurity conference, Zero Day Con 2022, in Dublin.

 

This included over 25 speakers from organisations around the world who
discussed many aspects of cybersecurity, from new technologies and new attack
vectors to regulations that are reshaping cyber and business risks. Notable
speakers included representatives from Microsoft, IBM, NCIS and the Institute
of Cancer Research. Panel discussions touched on topics such as Cyberwarfare,
digital identity and managing risks and the power of collective intelligence
in cybersecurity.

 

All presentations can be found on the Zero Day Con YouTube channel using the
following link: https://www.youtube.com/channel/UC54y6veiWvpLSplamAnqtvA
(https://www.youtube.com/channel/UC54y6veiWvpLSplamAnqtvA) and further
information is available on the Zero Con Day website:
https://www.zerodaycon.com/

 

Following on from Smarttech247's performance for the period ended 31 July
2020, which represented a significant increase compared to the previous year,
the company has continued to win new clients, including a contract with an
innovative fintech company worth in excess of €600,000 over three years.
The company is also progressing the roll out of its stable of internally
developed automated security products currently consisting of the successful
ThreatHub (threat and vulnerability modelling and management) and NoPhish (an
AI driven phishing response solution to threat emails).

 

Greg Collier, Non-Executive Chairman, commented:

"Smarttech247 continues to go from strength to strength as the world is
increasingly exposed to cybersecurity attacks which can wreak havoc at
companies and institutions around the globe.  Our IPO process is very much on
track to enable us to bring the company to market."

 

Raluca Saceanu, Smarttech247, commented:

"With rising cyber risks - especially in an age of growing geopolitical
conflicts - organisations and governments need better visibility and the
right measures in place to mitigate risk. Our growth plans should further
enable us to help global enterprises and government agencies strengthen their
threat defences and we believe this transaction will enable us to accelerate
those plans."

 

~ End ~

For further information please contact:

 Conduity Capital Plc                                                   +44 (0) 7830 182501

 Gregory Collier, Non-Executive Chairman

 www.conduitycapital.co.uk (http://www.conduitycapital.co.uk)

 SPARK Advisory Partners Limited (Financial Adviser)                    +44 (0) 203 368 3551

 Mark Brady

 www.sparkadvisorypartners.com (http://www.sparkadvisorypartners.com)

 Peterhouse Capital Limited (Broker)                                    +44 (0) 207 496 0930

 Peter Greensmith / Charles Goodfellow

 www.peterhousecap.com (http://www.peterhousecap.com)

 Fortified Advisory (Adviser to Smarttech247)                           +44 (0) 20 3883 4446

Mark Wheeler

www.fortifiedadvisory.com (http://www.fortifiedadvisory.com)

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