ECSC Group PLC Major Contract Wins for MDR Division (3076P)
February 17 2021 - 1:00AM
UK Regulatory
TIDMECSC
RNS Number : 3076P
ECSC Group PLC
17 February 2021
This announcement contains inside information as stipulated
under the UK Market Abuse Regulations ("MAR"). With the publication
of this announcement, this information is now considered to be in
the public domain.
17 February 2021
ECSC Group plc
('ECSC' or the 'Company' or the 'Group')
Major Contract Wins for Managed Detection and Response
Division
ECSC Group plc (AIM: ECSC), the provider of cyber security
services, is pleased to announce two significant contract wins in
its Managed Detection and Response (MDR) division for one of the
UK's major charities and a national leisure group.
ECSC will provide 24/7/365 cyber security monitoring, detection
and response support from the Group's Security Operations Centres
(SOCs) located in the UK and Australia, employing its proprietary
Kepler Artificial Intelligence (AI) technology to deliver an
enhanced service.
The contracts, both of which are for an initial period of three
years, have a combined revenue value in excess of GBP550,000.
Revenues will be recognised throughout the duration of the
contracts.
In addition, during January 2021, ECSC gained eleven new clients
within its Assurance Division for a wide range of consultancy
engagements across a number of diverse industries. ECSC's Assurance
Division helps organisations test their cyber security, prevent
breaches and achieve industry certifications.
Ian Mann, Chief Executive Officer of ECSC, commented:
"We are delighted to announce two further significant contract
wins for our MDR division across two diverse sectors. The first
client is a service extension, originating from our established
Partner Programme, and the second is a new client win.
"These new contracts demonstrate the continued resilience of the
long-established MDR service that grew strongly throughout 2020 and
has continued to grow in 2021.
"ECSC's MDR services allow clients to receive immediate alerts
to potential incidents, and combine expert advice, incident
response and containment. Speed of response on a 24/7 basis helps
clients prevent breaches escalating into damaging ransomware or
loss of personal data, which can potentially lead to large fines
under UK GDPR legislation.
"In terms of the continued expansion of the Assurance Division,
we are pleased that four of the new clients gained in January 2021
were from our expanding Partner Programme."
- Ends -
Enquiries:
ECSC Group plc
David Mathewson (Non-Executive
Chairman) +44 (0) 1274 736
Ian Mann (Chief Executive Officer) 223
Allenby Capital Limited (NOMAD
and Broker)
David Hart / Asha Chotai (Corporate
Finance)
Tony Quirke (Equity Sales and +44 (0) 203 3285
Corporate Broking) 656
Yellow Jersey (PR and IR)
Sarah Hollins
Annabel Atkins +44 (0) 203 004
Matthew McHale 9512
Notes to Editors:
Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest
running full-service cyber security service provider. With an
extensive range of in-house developed proprietary technologies,
including advanced Artificial Intelligence (AI) systems, ECSC
provides expert security breach prevention and advisory support to
organisations across all sectors.
ECSC operates from two Security Operations Centres (SOCs): one
in Yorkshire, UK, and the other in Brisbane, Australia. ECSC offers
flexible 24/7/365 cyber security monitoring, detection, and
response support to its clients, either as a fully managed service
or to enhance an organisation's existing cyber security systems. In
addition, ECSC's Assurance division provides guidance,
certification to industry standards, and extensive testing services
to allow organisations to assess their cyber security
protection.
ECSC is led by a highly experienced senior management team with
over 80 years' combined experience within the company, and has
delivered consecutive organic growth for the last 20 years.
The Company's broad client base ranges from e-commerce start-ups
to global blue-chip organisations, including 10% of the FTSE
100.
For more information please visit the following:
https://investor.ecsc.co.uk/
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