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IN BRIEF: Falanx Signs Contract For US Based Managed Services Provider

Fri, 18th Sep 2020 15:47

Falanx Group Ltd - cyber security and strategic intelligence services firm - Signs new contract for its cybersecurity monitoring services using its recently launched Triarii Managed Detection & Response platform to a managed services provider based in the US. The contract represents the first sale of a new and additional, Managed Endpoint Detection & Response service which enables its Security Operation Centre to sit behind SentinelOne EDR software.

"The deal followed an accelerated sales cycle, in conjunction with Falanx's partnership with SolarWinds MSP which is part of SolarWinds Inc, a worldwide leader in solutions for network and IT service management, application performance, and managed services," Falanx said.

It added: "While initial revenues are not yet material, as the contract currently only covers a limited number of devices, there is the potential for this to grow significantly with the addition of further devices and services."

Current stock price: 1.32 pence

Year-to-date change: up 6.2%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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