Contract Wins and Renewals Worth €1.53 million

Smarttech247

29/07/2025 07:00

RNS Number : 8859S

Smarttech247 Group PLC

29 July 2025

 

Reach Announcement

29 July 2025

Smarttech247 Group PLC

 

("Smarttech247", the "Group" or the "Company")

 

Smarttech247 Contract Wins and Renewals Worth €1.53 million 

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response (MDR) for a portfolio of international clients, is pleased to announce an update regarding its recent contract wins and renewals, worth a combined total of approximately €1.53 million for periods of six months to three years.

 

The contract wins and renewals that Smarttech247 has secured include:

·    A new three-year MDR contract with a major Irish hospital group, valued at a total of €210,000, expanding its healthcare footprint.

·    A new six-month 24/7 VisionX MDR contract with a global aviation services business worth approximately €180,000. This contract will be reviewed and potentially renewed for up to three more years upon its expiration in January 2026.

·    A yearly contract renewal with an existing automotive client, worth €1 million. The contract will continue Smarttech247's threat detection product capabilities, leveraging Armis as a key third-party product.

·    Two new three-year email security contracts for Smarttech247's NoPhish solution, one with a major Irish hospital and one with an Irish bank subsidiary, worth a combined €53,000.

·    A contract extension with an Irish hospital worth €92,000 over three years for Smarttech247's network security products.

 

These recent contract wins and renewals highlight the strength of Smarttech247's flagship VisionX MDR platform in delivering real-time threat detection and response, as well as the effectiveness of its NoPhish solution in safeguarding organisations against malicious email threats.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"These contracts demonstrate our commitment to delivering scalable, high-impact cybersecurity services across a variety of critical sectors, while supporting our growth strategy through increasing our annual recurring revenue. The diversity of our client base highlights the universal importance of protecting digital ecosystems, and we look forward to helping both new and existing clients strengthen their cybersecurity posture."

 

- Ends -

 

*Smarttech247 is a recognised vendor in 2024 Gartner® Market Guide for Managed Detection and Response. 

 

 

For further information please contact:

 

Smarttech247 Group PLC
Ronan Murphy, Executive Chairman
Raluca Saceanu, Chief Executive Officer
Nicholas Lee, Finance Director
Tel: +353 21 206 6033
SPARK Advisory Partners Limited - Nominated Adviser
Mark Brady /Angus Campbell
Tel: + 44 (0) 20 3368 3550
Cavendish Capital Markets Limited - Corporate Broker
Marc Milmo / Hamish Waller
Tim Redfern / Sunila de Silva - Broking
Tel: +44 (0)20 7220 0500
Yellow Jersey PR
Charles Goodwin / Annabelle Wills / Bessie Elliot
Tel: +44 (0) 20 3004 9512


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About Smarttech247

 

Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.

 

The Group's services are geared towards proactive prevention, and it achieves this by utilising the latest technologies, along with an experienced incident response team.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on the London Stock Exchange on 15 December 2022.

 

For further information please visit www.smarttech247.com

 

*Gartner disclaimers

 

Market Guide for Managed Detection and Response, 24 June 2024, Pete Shoard, Andrew Davies, Mitchell Schneider, Angel Berrios, Craig Lawson.

 

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

 

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