RCS - Shearwater Group PLC - Contract Win

ShearwaterAnnouncement

11/01/2022 07:05

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RNS Number : 9889X  Shearwater Group PLC  11 January 2022

11 January 2022

RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Win

Pentest Limited secures new contract win with a global technology business

Shearwater Group plc, the organisational resilience group that provides
cybersecurity advisory and managed security services, announces that its group
company, Pentest Limited, has secured a significant new contract with a global
technology business worth £300,000. The majority of the contract's value is
expected to be realised in the current full year and the contract contributes
to the Group's current full year expectations.

Under the terms of this contract, Pentest will deliver a range of
vulnerability assessment and penetration testing services to the business, in
relation to a major new project. Pentest will perform an in-depth
investigation into the organisation's resilience, with the continued aim of
uncovering any IT security vulnerabilities by simulating the actions of a
threat actor.

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

"Successfully securing such a contract win with a global technology
organisation highlights the recognition of both Pentest and the wider Group,
as well as the quality and appeal of our offering. We take great pride in
being awarded opportunities of this nature, allowing the group to positively
contribute towards evaluating and improving an organisation's security and
resilience."

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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