Shearwater Group PLC Contract Renewal

TIDMSWG

Shearwater Group PLC

01 September 2022

RNS Reach

SHEARWATER GROUP PLC

("Shearwater", or the "Group")

Contract Renewal

Brookcourt Solutions secures contract renewal with a leading British telecoms business

Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions, has secured a significant support contract renewal with a leading British telecommunications company headquartered in London, England.

The renewal is for a support contract for a data protection and monitoring platform with the company, which provides mobile, telephone, television, and internet services across the United Kingdom.

The contract value exceeds GBP980,000 across the next 12 months and ensures that Brookcourt's client continues its use of effective data protection, solutions and tools to protect its proprietary data, as well as its customers' critical data. The solution improves the organisation's overall security; helping mitigate database risks and detecting compliance and security policy violations.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"We are delighted to be part of a security programme with one of the UK's largest telecommunications companies. This renewal is another great example of how we continue to partner with our customers so that they can better understand, manage, and reduce their cybersecurity risk."

Enquiries:

 
 Shearwater Group plc                   www.shearwatergroup.com 
  David Williams, Chairman               c/o Alma PR 
  Phil Higgins, CEO 
 Cenkos Securities plc - NOMAD 
  and Joint Broker 
  Ben Jeynes / Max Gould - Corporate 
  Finance 
  Alex Pollen / Michael Johnson - 
  Sales                                 +44 (0) 20 7397 8900 
 Berenberg - Joint Broker 
  Matthew Armitt / Mark Whitmore        +44 (0) 20 3207 7800 
 Alma PR                                shearwater@almapr.co.uk 
  Justine James / Joe Pederzolli         +44 (0) 20 3405 0205

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About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com .

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September 01, 2022 02:02 ET (06:02 GMT)

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