REG - Shearwater Group PLC - Contract Win

ShearwaterAnnouncement

13/04/2022 07:00

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RNS Number : 1882I  Shearwater Group PLC  13 April 2022

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now considered to be in the public domain.

 

13 April 2022

 

Shearwater Group PLC

("Shearwater", or the "Group")

 

Contract Win

 

Brookcourt Solutions secures contract with value of up to c.£21m

 

Shearwater Group plc, the organisational resilience group that provides
cybersecurity, professional advisory and managed security services, announces
that its group company, Brookcourt Solutions, has secured a significant new
contract win to the potential value of up to c.£21.0m with a leading
telecommunications and media company. The initial, secured value of the
contract, across an initial three year term, is £12.9m, with the contract
including an option to extend by a further two years for a total additional
value of c.£8.0m.

 

Under the terms of the contract, Brookcourt Solutions will provide forensic
monitoring solutions, support, maintenance, training and managed services to
the telecommunications and media company. This advanced solution provides the
client with end-to-end service assurance across all technology domains and
integration to support business critical applications and processes.

 

The Company also announces that a trading update for the year ended 31 March
2022 will be provided later this month.

 

Phil Higgins, CEO of Shearwater, commented:

 

"This win demonstrates our capabilities within the security and monitoring
sector. Being able to work alongside our customer, as the chosen supplier on a
project of this strategic importance is noteworthy."

 

David Williams, Chairman of Shearwater, commented:

 

"This contract won by Brookcourt Solutions demonstrates the potential we saw
in their best-in-class strategic solutions and service offerings. Huge
congratulations to all our team for this major success."

 

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

 Alex Pollen / 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

 

 

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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