RCS - Smarttech247 Group - Smarttech247 Secures New Three-Year Contract

Smarttech247Announcement

14/03/2024 07:00

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RNS Number : 7459G  Smarttech247 Group PLC  14 March 2024

Reach Announcement

14 March 2024

Smarttech247 Group PLC

 

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

 

Smarttech247 Secures New Three-Year Contract worth c. €1 million

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced
cybersecurity services providing automated managed detection and response for
a portfolio of international clients, is pleased to announce it has secured a
new contract with a global packaging company, worth approximately €1 million
over three years.

 

The agreement, with a new client, utilises both Smarttech247's VisionX
platform as well as NoPhish, underscoring their versatility and advanced
capabilities. VisionX is Smarttech247's flagship AI-enhanced Managed Detection
and Response (MDR) platform, designed to safeguard both Information Technology
(IT) and Operational Technology (OT) infrastructures and its NoPhish email
security tool offers instant feedback to the user based on analysis algorithms
to evaluate the content and legitimacy of reported emails. In an era where the
convergence of IT and OT systems is increasingly critical for industrial and
manufacturing sectors, this partnership represents a strategic and
forward-thinking approach to cybersecurity.

The VisionX MDR platform leverages sophisticated AI and machine learning
algorithms to offer real-time threat detection, rapid incident response, and
continuous monitoring whilst NoPhish takes proactive measures by automatically
removing emails from the user's inbox which are deemed suspicious or
malicious. By extending its protection to both IT and OT domains as well as
emails, these platforms ensure our clients are guarded against diverse and
evolving cyber threats across all digital touchpoints.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to win this new contract, which serves as a strong
endorsement for both our AI-enhanced VisionX MDR platform's capability and our
NoPhish email security tool to secure both IT and OT environments.

 

"This collaboration ensures our client will have a robust defence mechanism
for its extensive digital operations, encompassing everything from corporate
data to critical operational processes and email security.

 

"This agreement with a new client is a significant milestone for us and we
remain committed to supporting all our existing and new clients on their
journey towards a secure and resilient digital infrastructure."

 

 

- Ends -

For further information please contact:

 Smarttech247 Group PLC                               Tel: +353 21 206 6033
 Ronan Murphy, Executive Chairman

 Raluca Saceanu, Chief Executive Officer

 Nicholas Lee, Finance Director
 SPARK Advisory Partners Limited - Nominated Adviser  Tel: + 44 (0) 20 3368 3550
 Mark Brady / Adam Dawes
 Shard Capital - Joint Broker                         Tel: +44 (0) 20 7186 9900
 Damon Heath
 Fortified Securities - Joint Broker                  Tel: +44 7493 989014
 Guy Wheatley, CFA
 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

 Sarah Hollins / Annabelle Wills / Bessie Elliot

 

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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 in cloud, big data analytics and machine
learning, along with an experienced incident response team. In recognition of
its innovative technology, Smarttech247 was named by Chambers Ireland
InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

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

For further information please visit www.smarttech247.com
(http://www.smarttech247.com)

 

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