GRC International Group PLC Multi-year PCI & new cloud security contracts won
May 27 2022 - 1:01AM
RNS Non-Regulatory
TIDMGRC
GRC International Group PLC
27 May 2022
27 May 2022
GRC International Group PLC
("GRC" or the "Group")
Multi-year PCI contract signed and newly launched cloud security
consultancy service wins first contract
GRC International Group PLC (AIM: GRC), the international
governance, risk management and compliance company whose main
business is cyber defence-in-depth, has signed a multi-year Payment
Card Industry (PCI) security testing contract with a global
provider of managed network solutions. The contract is expected to
generate approximately GBP140,000 over a three year term.
Furthermore, the Group's recently launched cloud security
consultancy service has signed its first contract.
Combined, this represents a strong start for the Group's
technical security business and is strategically important for the
direction of GRC going forward.
GRC's cyber security testing business is accredited by CREST and
is also a PCI QSA (payment card industry qualified security
assessor). All its security testing staff are directly employed,
with multiple years of testing experience and a raft of current
industry qualifications.
Alan Calder , Chief Executive Officer, commented:
"We only launched our new cloud security consultancy service
last month. To secure such a strategically important contract is
testament to our capabilities as well as market demand.
"The depth of skill and experience in our cyber security team is
fundamental to our ability to win longer term testing contracts
which are also driving an expansion in our global footprint across
the USA and EU.
"Furthermore, nation-state and cyber criminal threats, and the
increasing cyber compliance regulatory actions, are not driven by
the economic cycle. We are therefore seeing in our Services
division, which includes our technical security business, a notable
shift away from being a cyclical business. In fact, in the first
seven weeks of this financial year, the value of customer contracts
won in our technical security business is 107% up on the same
period a year ago."
ENDS
Enquiries:
GRC International Group PLC +44 (0)330 999 0222
Alan Calder, Chief Executive Officer
Christopher Hartshorne, Finance Director
Grant Thornton UK LLP (Nominated Adviser) +44 (0)20 7383
5100
Philip Secrett/Jamie Barklem/Daphne Zhang/Samuel Littler
Dowgate Capital Limited (Broker) +44 (0)20 3903 7715
James Serjeant/David Poutney/Russell Cook/Nicholas Chambers
Meare Consulting
+44 (0)7990 858548
Adrian Duffield
About GRC International Group PLC
GRC is an international governance, risk management and
compliance company whose main business is cyber
defence-in-depth.
A technology business, its proprietary premier brands including
the market leader, IT Governance, offer 'Our expertise, your peace
of mind' for GRC's wide range of domestic and international
corporate customers across all industrial sectors.
GRC's three operating divisions - Software as a Service (SaaS),
e-Commerce and Services - offer a wide range of products and
services encompassing: IT governance, risk management, compliance
with data protection and cyber security regulations, online and
in-person training and staff awareness, consultancy, online
publishing and distribution as well as software. The Group's
capabilities also include products and services to enable
corporates to address wider governance issues such as money
laundering and bribery.
In addition to its UK business, GRC has operations in the EU and
US.
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END
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May 27, 2022 02:01 ET (06:01 GMT)
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