TIDMS247
Smarttech247 Group PLC
02 October 2023
Reach Announcement
2 October 2023
Smarttech247 Group PLC
("Smarttech247", the "Group" or the "Company")
Business Update
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 provide an update on a recent contract win and further
Company developments.
New contract with existing Government of Ireland department
client
Smarttech247 has won a tender contract from an existing
Government of Ireland department client, worth c.EUR400,000 over
two years.
This deal will see Smarttech247 leverage its strategic
partnership with IBM to provide its IBM QRadar Security Information
and Event Management (SIEM) solution. The technology is designed to
provide security teams with centralised visibility into
enterprise-wide security data. This resource empowers Smarttech247
clients with actionable insight into the most critical threats,
enabling more effective threat management, near real-time
visibility and the production of detailed data access and user
activity reports.
Contract renewal with AutoNation and case study
Smarttech247's client, and the largest automotive retailer in
the United States, AutoNation, has recently extended its existing
partnership for a further three years. This will allow Smarttech247
to continue supporting this Fortune 150 global enterprise in its
cybersecurity solutions and is a testament to the success of the
ongoing partnership.
Further to this, AutoNation's Vice President and CISO, Chip
Regan, recently explained in a recent case study why Smarttech247
was the obvious choice when it came to its cybersecurity needs. He
discusses how partnering with Smarttech247 has allowed AutoNation
to achieve a granular level of security and monitoring on a scale
that suits such a large, global enterprise.
Watch the full case study here:
https://www.youtube.com/smarttech247
New interface for VisionX
VisionX, Smarttech247's managed detection and response platform
which provides around-the-clock security capabilities, has been
relaunched with a new and improved look and feel. This new design
offers users an ergonomic approach that simplifies complex security
operations.
With improved functionality, advanced analytics, threat hunting
and customisable dashboards, customers will gain unprecedented
insights into their organisation's security posture.
Shortlisted for multiple awards
Smarttech247 is pleased to announce it has been shortlisted for
the 'Best Newcomer' Award at the AIM Awards 2023. This is a
prestigious award ceremony which celebrates the achievements and
those companies listed on the AIM Market.
The Company has also been shortlisted for seven awards at the
Computing Security Awards 2023, these include New Product/Solution
of the Year, One to Watch Security and Data Protection as a Service
Provider of the Year.
Raluca Saceanu, Chief Executive Officer of Smarttech247,
commented: "Winning this latest tender underscores our unwavering
commitment to delivering cutting-edge cybersecurity solutions and
we look forward to supporting our client's security objectives and
contributing to a safer digital landscape.
"We are delighted that AutoNation has chosen to continue its
partnership with us for a further three years whilst speaking so
highly of our services, especially an enterprise as globally
renowned as AutoNation. We look forward to continuing our
relationship with them as we remain committed to providing
AutoNation with a robust security structure for its entire global
operations.
"Our new VisionX design sets the standard for managed detection
and response platforms, making security not just a necessity but an
innovative and dynamic asset in our customers' arsenal.
"Finally, it's always gratifying to see our hard work recognised
and being shortlisted for these awards is a testament to our team
efforts. We are looking forward to celebrating our achievements at
the upcoming award ceremonies.
"As we look to the future, we remain committed to contributing
and pioneering a secure data landscape whilst exploring further
opportunities for growth and innovation."
- 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 Tel: + 44 (0) 20
Adviser 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
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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 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
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END
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October 02, 2023 02:00 ET (06:00 GMT)
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