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Pin to quick picksShearwater Share News (SWG)

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Shearwater Unit Wins GBP8.5 Million Managed Services Contract

Thu, 10th Oct 2019 12:19

(Alliance News) - Shearwater Group PLC on Thursday said its subsidiary Brookcourt Solutions has secured a three-year contract - worth GBP8.5 million in aggregate - from an undisclosed FTSE 100-listed telecommunications company.

The cyber security software company said Brookcourt Solutions will deliver bespoke managed support services around an advanced monitoring solution, which forms a key function within the organisation's global mobile infrastructure.

The contract was initially scheduled for one-year and has now been increased to three years in duration, Shearwater noted.

"This contract win once again highlights the robustness of Brookcourt's technical solutions in maintaining mission-critical infrastructure, and the strength of our relationships with our technology partners, who have been instrumental in supporting the delivery of this opportunity," said Chief Executive Phil Higgins.

Shearwater shares were trading 5.5% higher in London on Thursday at 166.10 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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18 Apr 2023 11:51

IN BRIEF: Shearwater CEO Phil Higgins increases stake to 11%

Shearwater Group PLC - London-based cybersecurity, advisory and managed security services - Chief Executive Officer Phil Higgins buys 162,200 shares via VJM Investments Ltd at 63.75 pence, worth GBP95,625, on Monday. Daughter Maddison Higgins buys 12,200 shares at 61p on Friday last week. CEO Higgins now is interested in 2.6 million shares, an 11% stake.

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22 Nov 2022 15:48

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1 Sep 2022 19:23

IN BRIEF: Shearwater Group renews support contract with telecoms firm

Shearwater Group PLC - London-based cybersecurity services provider - Subsidiary Brookcourt Solutions wins significant support contract renewal with an unnamed UK telecoms firm based in London.

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IN BRIEF: Shearwater annual profit surges on advisory work

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Shearwater to beat forecasts; Immotion in US zoo deal

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13 Apr 2022 12:24

IN BRIEF: Shearwater shares jump with GBP21 million contract

Shearwater Group PLC - London-based cybersecurity services provider - Says subsidiary Brookcourt Solutions Ltd secured "significant" new contract with potential value of up to GBP21.0 million with an unnamed telecommunications and media company. The initial, secured value of the contract is GBP12.9 million, across an initial three-year term, with the option to extend by a further two years for a total additional value of about GBP8.0 million. Says Brookcourt Solutions will provide forensic monitoring solutions, support, maintenance, training and managed services to the customer.

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