REG - Shearwater Group PLC - £4.4m New Contract Win

ShearwaterAnnouncement

07/05/2025 07:00

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RNS Number : 5787H  Shearwater Group PLC  07 May 2025

 

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7 May 2025

 

 

Shearwater Group plc

("Shearwater", or the "Group")

 

£4.4m new contract win with leading UK telecom and media company

Shearwater Group plc, the cybersecurity, advisory, and managed security
services group, is pleased to announce the award of a major data security
contract, worth £4.4m over three years. The new contract has been signed
between Brookcourt Solutions ("Brookcourt"), a Shearwater Group company and
trusted provider of enterprise IT and cybersecurity services and a leading
UK-based mass media and telecommunications provider.

Under the agreement, Brookcourt will act as the strategic solutions provider,
delivering a cutting-edge, data-centric security and compliance platform in
partnership with one of its premier technology vendors. This robust solution
equips security and compliance teams with advanced capabilities, including
integrated data visibility, predictive analytics, and automation, enabling
proactive protection of sensitive data regardless of where it resides.

The client, a prominent telecommunications company serving millions of
broadband, mobile and home services subscribers across the UK, selected
Brookcourt's solution to bolster data protection and ensure compliance across
its complex digital infrastructure.

This win reinforces Brookcourt's reputation as a trusted, value-add partner
for large enterprises seeking scalable, innovative, and regulation-ready data
security strategies.

The revenue and cost of sales in respect to this contract will be recognised
in FY25, and are expected to support the Group in delivering results for the
period in line with market expectations, representing significant annualised
growth in both revenue and Adjusted EBITDA from FY24.

Phil Higgins, Shearwater's CEO, commented: "We're honoured to support one of
the UK's largest telecom providers in achieving its data security objectives.
This contract reflects the strength of our strategic vendor relationships and
our commitment to delivering industry-leading cybersecurity solutions."

 

Enquiries:

 

 Shearwater Group plc                                             www.shearwatergroup.com

 David Williams, Chairman                                         c/o Alma

 Phil Higgins, CEO

 Jonathan Hall, CFO

 Cavendish Securities plc                                         +44 (0) 20 7397 8900

 Adrian Hadden / Ben Jeynes - Corporate Finance

 Charlie Combe / Dale Bellis / Michael Johnson - Broking/ Sales

 Alma                                                             shearwater@almastrategic.com (mailto:shearwater@almastrategic.com)

 Justine James / Joe Pederzolli / Emma Thompson                   +44 (0) 20 3405 0205

 

About Shearwater Group plc

 

Shearwater Group plc is an award-winning group providing cyber security,
managed security and professional advisory solutions to 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 globally 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
(http://www.shearwatergroup.com) .

 

 

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