Pires Investments PLC Getvisibility signs global distribution agreement
March 29 2021 - 3:11AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
29 March 2021
Pires Investments plc
("Pires" or the "Company")
Getvisibility signs global distribution agreement with
StarLink
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to announce an
update on its investment in Getvisibility, an artificial
intelligence data management and security company that Pires is
invested in, both directly and through its investment in Sure
Valley Ventures ("SVV").
Getvisibility has recently announced that it had signed a global
distribution agreement with StarLink, a leading distributor of
security related technologies. This distribution agreement is an
extension of an existing arrangement between Getvisibility and
StarLink that covered the US. The partnership with StarLink has
resulted in several proof of concept implementations across large
financial institutions and utilities service providers across the
Middle East.
In the post-pandemic, hybrid work phase, organisations with
remote workforce are becoming increasingly vulnerable to threat of
attacks, especially due to unsecure home devices, employee
negligence and in some case malicious workers, which is putting
corporate information at a huge risk. This calls for security
measures and policies that needs to be considered from the inside
out - beginning with secure users and company data. The best
approach would be to automate the classification process so that
when workers make an error, sensitive data can still be detected
and stays intact.
Getvisibility, a leader in data visibility and control, uses
state-of-the-art artificial intelligence ("AI") to classify and
secure unstructured information, allowing organisations to quickly
visualise their data footprint where new and changing data risks
have become evident, thus allowing for proactive data management
and security. Its dual-approach provides flexibility to employees
to manually classify data whilst also being created with
suggestions and automated checking. Getvisibility also provides
risk and compliance assessments as well as enforcing protection on
sensitive data.
Pires has a circa 20% interest in SVV, a venture capital fund
focused on investing in the software technology sector with a
specific focus on Artificial Intelligence, the Internet of Things
and Immersive Technologies. On 10 March 2020, Pires announced that
it had agreed to invest EUR250,000 in Visibility Blockchain
Limited, a private company incorporated in Ireland which trades
under the name Getvisibility.
Peter Redmond, Chairman of Pires, commented:
"We are pleased to note Getvisibility's global distribution
agreement with StarLink, which follows its successful partnership
in the US. While companies are adapting to a hybrid model of
employees working from the office and from home, the threat of data
attacks is increasing. This global distribution agreement reflects
the growing necessity for companies to protect themselves as a
result.
"Getvisibility's industry leading AI capabilities should mean it
is well-positioned to capitalise on the further expected demand in
the sector. We look forward to updating the market on progress in
due course."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Joint Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Immersive Technologies and Big Data, which the Board believes
demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these
sectors.
For further information, visit: https://piresinvestments.com/
.
About Getvisibility
Getvisibility is an artificial intelligence security company
addressing the substantial and increasing problem which
corporations face in storing, sorting, accessing and protecting
data. Getvisibility has developed and launched a software platform
using artificial intelligence that delivers visibility over a wide
range of data.
Further details about Getvisibility can be found at
https://www.getvisibility.com/ .
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