RCS - Smarttech247 Group - Contract Wins and Renewals Worth €1.53 million

Smarttech247Announcement

Tue 07:00

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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                                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 / Angus Campbell
 Cavendish Capital Markets Limited - Corporate Broker  Tel: +44 (0)20 7220 0500

 Marc Milmo / Hamish Waller

 Tim Redfern / Sunila de Silva - Broking
 Yellow Jersey PR                                      Tel: +44 (0) 20 3004 9512

 Charles Goodwin / 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 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 (about%3Ablank)

 

*Gartner disclaimers

 

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

 

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