Drumz Plc Statement re Acuity's appointment of new partner
March 24 2023 - 2:00AM
UK Regulatory
TIDMDRUM
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.
23 March 2023
Drumz plc
('Drumz' or the 'Company')
Update on investee company
The Directors of Drumz plc are delighted that its investee company, Acuity Risk
Management Ltd ("Acuity"), has secured a new partnership with United
States-based Tutela Solutions ("Tutela"). Tutela will refer organisations
looking for a governance, risk and compliance (GRC) solution to Acuity's
award-winning platform STREAMĀ® Integrated Risk Manager ("IRM") in North
America. This is a further step for Acuity towards building its presence in
North America, the world's biggest market for GRC solutions.
Tutela, based in Florida, is a leading developer and implementer of
best-in-class GRC solutions. It specialises in innovative risk management
solutions leveraging multiple GRC platforms. Tutela has delivered 500+
projects for more than 135 clients.
Kerry Chambers, Chief Commercial Officer for Acuity, said: "Tutela has many
years' experience of developing and deploying GRC solutions so we are proud and
delighted to partner with them and look forward to helping US organisations
better manage their risks. The combined expertise of Acuity and our new
partner, Tutela, provides a great opportunity for us in the US where there is
mounting regulatory pressure. An Integrated Risk Management strategy can
provide the necessary clarity to risk that US organisations require."
www.acuityrm.com
Sonny Crouse, Director of Business Development for Tutela Solutions, said: "We
are delighted to partner with Acuity because its STREAMĀ® solution can be
configured to solve all major GRC challenges while providing the scalability
needed to address regulatory requirements and meet industry and global
standards of best practice across all industries." www.tutela-solutions.com
Angus Forrest, chief executive of Drumz, explained: "Acuity is growing strongly
and is implementing a partnership strategy to build a bigger presence in the
North American market for GRC solutions. This builds on the customer win
announced in February and is a significant step to accelerate growth of
revenues and customer numbers in the world's largest market for risk management
software."
For further information please
contact:
Drumz Plc www.drumzplc.com
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 020 7220 1666
Peterhouse Capital Limited (Joint
broker)
Lucy Williams / Duncan Vasey 020 7469 0936
END
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