This announcement contains inside
information for the purposes of Article 7 of the UK version of
Regulation (EU) No 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public
domain.
20 July
2023
Acuity RM Group
plc
('Group' or
the
'Company')
New
Contract
win
Acuity RM Group plc (AIM:ACRM) is delighted to
announce that its wholly owned operating subsidiary, Acuity Risk
Management Limited (‘Acuity’), has won a three year contract worth
£388,000 with an option to extend for a fourth year for a further
£125,000, to use Acuity’s software platform,
STREAM® which is used by private and public sector
clients to manage their cyber security and other enterprise
risks.
The user is an organisation within the British
Government which has identified the importance of cyber security
and is rolling out a major programme to manage their risks.
Following this contract there are likely to be further
opportunities in this and other government
departments.
Angus Forrest, Chief
Executive of Acuity RM Group plc, said:
“All organisations in the public and
private sectors are increasingly aware of the importance of
cybersecurity, the severity of the incidents are increasing and
there is more publicity. A breach of security can cause a
private organisation financial harm, loss of valuable IP and
reputational damage. However, a successful attack in the
public sector can put critical national infrastructure at
risk. These factors are all driving the market for
cybersecurity
protection.”
Kerry Chambers, CEO of
Acuity said: “Securing the future of businesses and
safeguarding their valuable assets from risks is our core mission.
We're thrilled to have won a significant multi-year contract with
this Department, for delivering cyber security risk management
solutions & services. This achievement demonstrates our
commitment to providing award-winning risk mitigation solutions
that protect our clients' digital infrastructure. We look forward
to collaborating with our partners and clients to navigate evolving
cyber risks, ensuring a safer and more resilient future for
all."
For further information please
contact: |
|
Acuity RM Group plc |
www.AcuityRMGroup.com |
Angus Forrest |
+44 (0) 20 3582 0566 |
WH Ireland (NOMAD &
Broker) |
www.whirelandplc.com/capital-markets |
Mike Coe / Sarah
Mather |
+44 (0) 20 7220 1666 |
Peterhouse Capital (Joint
broker) |
|
Lucy Williams / Duncan
Vasey |
+44 (0) 20 7469 0936 |
Clear Capital (Joint
broker) |
|
Andrew Blaylock |
+44 (0) 20 3869 6080 |
Note to
Editors
Acuity RM Group
plc
Acuity RM Group plc (AIM: ACRM), is an established
provider of risk management services. It’s award-winning STREAM®
software platform, which collects data about organisations to
improve business decisions and management. It is used by around 70
organisations in markets including government, utilities, defence,
broadcasting, manufacturing and
healthcare.
The Company is focused on delivering long term,
sustainable growth in shareholder value. In the short to medium
term this is expected to come from organic growth and thereafter
may also come from complementary
acquisitions.