Shearwater Group PLC Contract Win (1882I)
April 13 2022 - 1:00AM
UK Regulatory
TIDMSWG
RNS Number : 1882I
Shearwater Group PLC
13 April 2022
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of Article 7 of EU Regulation 596/2014 (as amended), which forms
part of domestic UK law pursuant to the European Union (Withdrawal)
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13 April 2022
Shearwater Group PLC
("Shearwater", or the "Group")
Contract Win
Brookcourt Solutions secures contract with value of up to
c.GBP21m
Shearwater Group plc, the organisational resilience group that
provides cybersecurity, professional advisory and managed security
services, announces that its group company, Brookcourt Solutions,
has secured a significant new contract win to the potential value
of up to c.GBP21.0m with a leading telecommunications and media
company. The initial, secured value of the contract, across an
initial three year term, is GBP12.9m, with the contract including
an option to extend by a further two years for a total additional
value of c.GBP8.0m.
Under the terms of the contract, Brookcourt Solutions will
provide forensic monitoring solutions, support, maintenance,
training and managed services to the telecommunications and media
company. This advanced solution provides the client with e
nd-to-end service assurance across all technology domains and
integration to support business critical applications and
processes.
The Company also announces that a trading update for the year
ended 31 March 2022 will be provided later this month.
Phil Higgins, CEO of Shearwater, commented:
"This win demonstrates our capabilities within the security and
monitoring sector. Being able to work alongside our customer, as
the chosen supplier on a project of this strategic importance is
noteworthy."
David Williams, Chairman of Shearwater, commented:
"This contract won by Brookcourt Solutions demonstrates the
potential we saw in their best-in-class strategic solutions and
service offerings. Huge congratulations to all our team for this
major success."
Enquiries:
Shearwater Group plc www.shearwatergroup.com
David Williams c/o Alma PR
Phil Higgins
Cenkos Securities plc - NOMAD and
Joint Broker
Ben Jeynes / Max Gould - Corporate
Finance
Alex Pollen / Michael Johnson -
Sales +44 (0) 20 7397 8900
Berenberg - Joint Broker
Matthew Armitt / Mark Whitmore +44 (0) 20 3207 7800
Alma PR shearwater@almapr.co.uk
Susie Hudson / Caroline Forde / +44 (0) 20 3405 0205
Joe Pederzolli
About Shearwater Group plc
Shearwater Group plc is an award-winning group providing cyber
security, managed security and professional advisory solutions to
help create a safer online environment for organisations and their
end users.
The Group's differentiated full service offering spans identity
and access management and data security, cybersecurity solutions
and managed security services, and security governance, risk and
compliance. Its growth strategy is focused on building a scalable
group that caters to the entire spectrum of cyber security and
managed security needs, through a focused buy and build approach.
The Group is headquartered in the UK, serving customers across the
globe across 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.
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END
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