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Shearwater Group PLC

26 July 2019

RNS REACH

26 July 2019

SHEARWATER GROUP PLC

Xcina Consulting secures three year contract with Parkmobile

Shearwater Group plc, the organisational resilience group, announces that its group company Xcina Consulting has won a multi-year contract to deliver a qualified security assessment of Parkmobile's UK and NL card data environment to ensure that its business is compliant with the Payment Card Industry Data Security Standard ("PCI-DSS").

Parkmobile, part of the BMW Group, specialises in electronic and digital parking solutions. It serves over 22 million customers in more than 1,000 towns and cities internationally. In the UK, it operates in over 70 towns and cities and processes in excess of 80 million card payments per annum.

Phil Higgins, CEO of Shearwater, commented:

"This contract clearly demonstrates that Xcina Consulting is a trusted advisor to its clients and drives value through longer term and deeper relationships."

Pete O'Driscoll, UK Managing Director of Parkmobile, commented:

"We are pleased to announce that Parkmobile UK and NL has entered into a three year agreement with Xcina Consulting, to perform the annual review of our UK and NL card data environment and to ensure we are compliant with the Payment Card Industry Data Security Standard.

"Not only are we working with experienced and knowledgeable QSAs, but we are also leveraging their advice and guidance to ensure best practice around how we adequately protect card data and have the highest possible level of security controls in place."

Rob Treacey, Managing Director of Technology Risk Management at Xcina Consulting, added:

"We are delighted to have been afforded this opportunity by Parkmobile to showcase our credentials. For us this is more than performing an assessment and providing a certificate, it is about taking Parkmobile on a journey of continuous controls improvement."

Enquiries:

 
 Shearwater Group plc                    c/o Instinctif Partners 
  David Williams, Chairman 
  Phil Higgins, CEO 
 Instinctif Partners                   shearwater@instinctif.com 
  Adrian Duffield / Chantal Woolcock        +44 (0) 20 7457 2815

About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cyber security and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cyber security solutions and services maintain trust between users, provide assurance around the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cyber security solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in 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.

About Xcina Consulting

Xcina Consulting provides business and technology risk assurance and advisory services in support of organisational resilience. For more information, please visit www.xcina.co.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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