Itway soars around 10% after partnership with Mastercard
30/06/2023 09:46
June 30 (Reuters) - ** Shares in Italy's Itway ITWY.MI
rise as much as 9.9% after its German Unit CyberMonks signed an
exclusive partnership deal with Mastercard MA.N to distribute
cyber risk exposure services
** Itway will be the Mastercard's unit RiskRecon exclusive
provider of managed services in cyber risk exposure in Italy,
and will extend its value-added distribution agreement with the
U.S. company in Greece and Turkey
** The Italian information technology company adds the deal
is expected to generate a revenue increase of up to 6 million
euros in three years
** At 0843 GMT, the stock - which has been automatically
halted from trading - is the best performer on Italy's all-share
index .FTITLMS with a 9.9% rise
(Reporting by Alberto Chiumento)
((Alberto.Chiumento@thomsonreuters.com;))