REG - Smarttech247 Group - Strategic Partnership Agreement and Contract Win

Smarttech247Announcement

21/08/2023 07:00

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RNS Number : 8457J  Smarttech247 Group PLC  21 August 2023

21 August 2023

Smarttech247 Group PLC

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

Strategic Partnership Agreement and Contract Win

 

Smarttech247 announces a strategic partnership with Abnormal Security to bring
AI-powered email security to Europe, which has already resulted in a contract
win with a global aviation organisation.

 

Smarttech247, 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 a strategic partnership
agreement with  Abnormal Security, a leading behavioural AI-based email
security platform.

 

Smarttech247 and Abnormal Security will work closely together, combining
cloud-based behavioural AI to stop the full spectrum of modern email attacks,
including business email compromise, vendor and invoice fraud, advanced
credential phishing and more. The first notable win as a result of this
partnership is a multi-year contract worth nearly €400k, over two years,
with a global organisation within the aviation industry sector.

 

Unlike traditional secure email gateways, Abnormal Security takes a different
approach to stopping email attacks. The cloud-native API architecture ingests
thousands of signals across multiple platforms to build a baseline of the
known-good behaviour of every employee and vendor in an organisation based on
communication patterns, sign-in events and thousands of other attributes. It
then applies advanced AI models including natural language processing ("NLP")
and behavioural analytics to detect abnormalities in email behaviour that
indicate a potential threat and prevent attacks from reaching end users.

 

Abnormal Security will be integrated into Smarttech247's comprehensive managed
detection and response ("MDR") service, VisionX, to provide a unified and
proactive security solution. The platform combines real-time threat
monitoring, rapid incident response and advanced analytics to protect clients
from cyber threats.

 

Raluca Saceanu, Chief Executive Officer of Smarttech247, commented:

 

"Our partnership with Abnormal Security underscores our commitment to
delivering more advanced cybersecurity solutions to both existing and new
customers. We are also pleased to announce our first contract win, as a result
of this partnership, with a significant global company in the aviation sector.

 

"We are looking forward to working closely together to help prevent
cyberattacks for our customers by enhancing cloud email protection."

 

Stevie Dennis, Channel Manager of EMEA Alliances at Abnormal Security,
commented:

 

"The team at Smarttech247 has a strong understanding of what their customers
need and are able to navigate them through the thousands of security offerings
in the market to find the right solution.

 

"Working with Smarttech247 over the past few months has been a great
experience. Their long-standing and trusted relationships with their clients
means that we've been able to turn technical champions into business advocates
within four weeks of the first meeting. We are confident that this will be a
very successful partnership and look forward to continuing to grow it
throughout Europe."

- 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

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
(https://gbr01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.smarttech247.com%2F&data=05%7C01%7Cannabelle%40yellowjerseypr.com%7C2eab6af6be0045dcabb108db6ce4fbfb%7Cc7fee44edc6a4490a4ea0667cc994b7d%7C0%7C0%7C638223502960971731%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=3o8ga%2BEAo%2BDwbCNmlf%2Bo%2BpP53qfnvdW%2BrbVvUrBzDAg%3D&reserved=0)

 

About Abnormal Security

 

Abnormal Security provides the leading behavioural AI-based email security
platform that leverages machine learning to stop sophisticated inbound email
attacks and dangerous email platform attacks that evade traditional solutions.
The anomaly detection engine leverages identity and context to analyse the
risk of every cloud email event, preventing inbound email attacks, detecting
compromised accounts, and remediating emails and messages in milliseconds-all
while providing visibility into configuration drifts across your environment.
You can deploy Abnormal in minutes with an API integration for Microsoft 365
or Google Workspace and experience the full value of the platform instantly,
with additional protection available for Slack, Teams, and Zoom. More
information is available at abnormalsecurity.com (http://abnormalsecurity.com)
.

 

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