Brandshield Systems PLC BRSD named third best DRP service provider
January 23 2023 - 2:00AM
RNS Non-Regulatory
TIDMBRSD
Brandshield Systems PLC
23 January 2023
23 January 2023
BrandShield Systems plc
("BrandShield," the "Company," or the "Group")
Frost & Sullivan Recognise BrandShield as a Top Tier Global
Digital Risk Protection Provider
Cybersecurity Market Experts Praise BrandShield's Brand
Protection Capabilities in 2022 Report
BrandShield Systems plc (AIM: BRSD), a leading provider of
cybersecurity solutions for brand oriented digital risk protection
("DRP"), has been named the third best DRP service provider
globally in a 2022 review by Frost & Sullivan ("F&S") the
global business consultancy group.
F&S analysed over 20 DRP specialists across the
cybersecurity sector, selecting eight vendors which should be
considered first for investment and partnerships, with BrandShield
awarded third place.
BrandShield ranked highly for both innovation and growth, two
key performance indicators utilised by F&S. F&S's
cybersecurity industry experts commended BrandShield for its
extensive brand protection capabilities, with the Company highly
experienced in effectively detecting and eliminating a wide range
of cyberthreats, from phishing attacks to brand impersonation.
Concurrently, F&S highlighted BrandShield's "steady growth
rates in the past three years", recognising the Company's strong
progress in expanding its market presence in key growth territory
North America, which was principally achieved through direct sales
and online channels. (1)
According to F&S, the DRP market is on a high growth
trajectory as the number of cyberattacks on organisations' brands,
customers, and employees continues to rise. The DRP market is
increasing at a compound annual growth rate of 39.7% from 2021 to
2026, whilst F&S expects it to reach $917.7 million by
2026.(1)
With a significant existing North American footprint and clients
across a range of verticals including financial services and
pharmaceuticals, BrandShield is well positioned to continue to
deploy its highly automated SaaS offering to capitalise on the high
demand for DRP solutions.
"Brand protection is no longer just a cybersecurity issue,"
explains Frost & Sullivan. "BrandShield's intuitive user
interface (UI) enables legal, marketing, and cybersecurity teams to
collaborate more efficiently and mitigate brand impersonation
attempts on all forefronts."
Yoav Keren, Chief Executive Officer of BrandShield,
commented:
"We're delighted to have been recognised by the highly regarded
team at Frost & Sullivan, which has decades of experience
covering the cybersecurity market and sector trends.
To not only be included alongside the calibre of DRP providers
in Frost & Sullivan's report but be ranked in the top three
speaks volumes of the significant progress our dedicated team has
made in recent years to grow our reputation and augment our DRP
services.
Looking ahead, we're focused on continuing to build on the
strong business momentum generated in 2022 and remain committed to
expanding our market presence to deliver best-in-class
cybersecurity solutions to even more brands across the globe."
1 Frost & Sullivan, Frost Radar(TM): Digital Risk Protection
Services Report, 2022
Enquiries:
BrandShield Systems plc +44 (0)20 3143
Yoav Keren, CEO 8300
Spark Advisory Partners Limited (Nominated
Adviser) +44 (0)20 3368
Neil Baldwin / Andrew Emmott / James Keeshan 3554
Shore Capital (Joint Broker)
Toby Gibbs / James Thomas(Corporate Advisory) +44 (0)20 7408
Henry Willcocks (Corporate Broking) 4090
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kendall Hill +44 (0)20 7390
brandshield@vigoconsulting.com 0237
About BrandShield
Brandshield is a provider of cybersecurity solutions from brand
protection to online threat hunting. BrandShield detects online
threats and takes them down. The Company's client base is a growing
list of organisations including Fortune 500 and FTSE100 companies.
By utilising AI and big-data analysis, BrandShield monitors,
detects, and removes online threats facing companies. These threats
include social phishing, executive impersonation, fraud, brand
abuse, and counterfeits.
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