Investee Company Update
11/10/2023 07:00
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RNS Number : 6759P Pires Investments PLC 11 October 2023
11 October 2023
Pires Investments plc
("Pires" or the "Company")
Smarttech247 Group PLC - Investee Company Update
Pires Investments plc (AIM: PIRI), the company focused on next generation
technology, notes the announcement by its portfolio company, Smarttech247
Group PLC ("Smarttech247"), that it has entered into a strategic partnership
with cybersecurity giant, Splunk Inc (NASDAQ: SPLK).
Splunk Inc., a cybersecurity and observability leader, helps make
organisations more digitally resilient. Businesses use Splunk's unified
security and observability platform to keep digital systems secure and
reliable. Cisco Systems, Inc recently announced the intended acquisition of
Splunk for around $28 billion to form one of the world's largest software
companies.
The partnership with Splunk brings together Smarttech247's automation-driven
and human-led VisionX managed detection and response (MDR) capabilities and
Splunk's powerful SIEM technology solutions, creating a dynamic synergy that
addresses the evolving needs of the changing threat landscape and delivers
comprehensive solutions to drive security efficiencies.
This development follows on from the previous week's announcement by
Smarttech247 of a new contract with an existing Government of Ireland
Department client worth around €400,000 over 2 years and a contract
extension for another 3 years with another existing client, Auto Nation, the
largest car retailer in the United States.
Nicholas Lee, Director at Pires Investment Plc, commented:
"The partnership between Smarttech247 and Splunk Inc. clearly demonstrates
Smarttech247's progressive approach to cybersecurity and is further evidence
of the progress that the company is making in the cybersecurity sector."
Enquiries:
Pires Investments plc
Nicholas Lee, Director Tel: +44 (0) 20 3368 8961
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Lucy Williams/Duncan Vasey
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is a company providing investors with access
to a portfolio of next-generation technology businesses focused on AI with
significant growth potential.
The Company is building an investment portfolio of high-tech businesses across
areas such as Artificial Intelligence, Internet of Things, Cyber Security,
Machine Learning, Immersive Technologies and Big Data, which the Board
believes demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these sectors.
For further information, visit: https://piresinvestments.com/
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