RCS - Shearwater Group PLC - Contract Renewals

ShearwaterAnnouncement

27/01/2022 07:00

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RNS Number : 7773Z  Shearwater Group PLC  27 January 2022

27 January 2022

RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Renewals

 

Brookcourt Solutions secures two contract renewals with a leading Global
Financial Organisation

 

Shearwater Group plc (AIM: SWG), the organisational resilience group that
provides cybersecurity, advisory and managed security services, is pleased to
announce that its group company, Brookcourt Solutions, has secured two
contract renewals with a leading Global Financial Organisation.

 

The first renewal, a one year contract totalling over $1.1m sees Brookcourt
Solutions continuing to be the supplier of choice to support and deliver a
complex security software solution; Real Time Visibility for big data, that
will actively contribute to enhancing security and compliance within the
organisation.

 

The second contract renewal, a 16 month contract has a value of c. £450k. The
renewal, for Insider Threat Management Software, appoints Brookcourt Solutions
to continue to support and assist in the delivery of this cyber security
software that will actively contribute in helping the bank detect, investigate
and prevent potential insider threat incidences with real-time alerts.

 

Under both of these contract renewals, Brookcourt Solutions services will
actively support this global banking organisation enhance their organisational
resilience and cyber security position.

 

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

 

"These contract renewals with a leading global financial organisation
represent yet another endorsement of Shearwater as a supplier of choice able
to continue to leverage and deploy our deep understanding of best-in-class
technologies for clients in the financial sector, which recognises the rising
importance of maintaining vigorous cyber and security operations."

 

 

Enquiries:

 Shearwater Group plc                             www.shearwatergroup.com

 David Williams                                   c/o Alma PR

 Phil Higgins

 Cenkos Securities plc - NOMAD and Joint Broker   +44 (0) 20 7397 8900

 Ben Jeynes / Max Gould - Corporate Finance

 Julian Morse / Michael Johnson - Sales

 Berenberg - Joint Broker                         +44 (0) 20 3207 7800

 Matthew Armitt / Mark Whitmore

 Alma PR                                          shearwater@almapr.co.uk

 Susie Hudson / Caroline Forde / Joe Pederzolli   +44 (0) 20 3405 0205

 

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About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security,
managed security and professional advisory solutions to help create a safer
online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access
management and data security, cybersecurity solutions and managed security
services, and security governance, risk and compliance. Its growth strategy is
focused on building a scalable group that caters to the entire spectrum of
cyber security and managed security needs, through a focused buy and build
approach.

The Group is headquartered in the UK, serving customers across the globe
across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the
ticker "SWG".  For more information, please visit www.shearwatergroup.com.

 

 

 

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