RCS - Smarttech247 Group - Smarttech247 Secures Three-Year Contract

Smarttech247Announcement

11/02/2025 07:15

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RNS Number : 5923W  Smarttech247 Group PLC  11 February 2025

Reach Announcement

11 February 2025

Smarttech247 Group PLC

 

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

 

Smarttech247 Secures Three-Year Contract Worth USD 925,000

 

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 signed a
new additional contract with an existing automotive client worth USD 925,000
over three years.

 

This new additional contract will see an Endpoint Detection & Response
(EDR) solution integrated into the existing Managed Detection and Response
(MDR) service already supplied to Smarttech247's automotive client. This new
EDR solution is designed to detect, investigate and respond to threats on
endpoint devices such as computers, laptops, and servers, enhancing the
client's existing cybersecurity resilience.

 

This new contract also reflects the execution of the Company's strategy to
expand its annual recurring revenue by focusing on long-term, multi-year
contracts and increasing the total contract value of existing agreements.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are thrilled to be expanding our provision of services with another
existing client, reinforcing our strong, ongoing relationship and highlighting
the continued trust our clients have in our MDR expertise to protect their
critical infrastructure.

 

"As organisations worldwide increasingly prioritise advanced threat detection
and response, this latest contract showcases our ability to deliver security
solutions at scale as our momentum continues to build."

 

-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
(http://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.

 

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