REG - Smarttech247 Group - Multi-Year Framework Agreement with London Airport

Smarttech247Announcement

07/04/2025 07:00

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RNS Number : 7874D  Smarttech247 Group PLC  07 April 2025

07 April 2025

Smarttech247 Group PLC

 

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

 

Smarttech247 awarded Multi-Year Framework Agreement with Major London Airport

 

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 been
appointed to a multi-year cybersecurity framework agreement (the "Agreement")
with a major international airport in London.

 

The Agreement has a total potential value of up to £7 million across all four
suppliers over its five-year term, with a further one-year extension
available. While the Agreement does not guarantee minimum spend, it
establishes Smarttech247 as a trusted provider to one of the UK's most
high-profile transport hubs, offering a significant opportunity to generate
meaningful revenues over the life of the agreement.

 

Each order under the Agreement will be subject to a separate call-off contract
and governed by the framework's standard terms and conditions. The Agreement
also provides a flexible mechanism for the customer to procure cybersecurity
services from Smarttech247 as needed, including the Company's flagship VisionX
platform.

 

Under the terms of the Agreement, Smarttech247 will be eligible to provide
services and solutions under several categories, which include:

 

·  Cybersecurity Support Services - including 24/7 managed detection and
response services, firewall maintenance, endpoint and XDR management, dark web
monitoring and cybersecurity assessments.

·   Cybersecurity Products - advanced email protection, endpoint detection
and response technologies and related licencing.

·   Security Information and Event Management (SIEM) - next-generation
SIEM, internal pen testing, threat intelligence, data discovery and vendor
security assessment tools.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to have been selected for this prestigious framework with
one of the UK's busiest international airports. Being selected as one of its
preferred suppliers for critical cybersecurity requirements further validates
our strong capabilities in managed detection and response, and our ability to
support complex, critical infrastructure environments.

 

"This win reflects the Group's continued execution against its strategy to
grow through high-value, long-term engagements with critical national
infrastructure clients. It is also a significant opportunity for us to
potentially deliver cybersecurity services in a highly regulated and
high-security setting over the coming years."

 

- 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) 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

 

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.

 

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
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warranties, expressed or implied, with respect to this research, including any
warranties of merchantability or fitness for a particular purpose.

 

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its
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U.S. and internationally and is used herein with permission. All rights
reserved.

 

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