(Alliance News) - Shares in ECSC Group PLC rose on Wednesday after the company said its Managed Detection and Response division secured two significant contracts from a major UK charity and a national leisure group.
Shares in the cybersecurity services provider were trading 11% higher at 78.00 pence each on Wednesday morning in London.
Bradford-based ECSC stated that under the contracts, worth over GBP550,000 over a three-year period, it will provide round-the-clock cyber security monitoring, detection and response support from its security operations centres in the UK and Australia.
"We are delighted to announce two further significant contract wins for our MDR division across two diverse sectors. The first client is a service extension, originating from our established Partner Programme, and the second is a new client win. These new contracts demonstrate the continued resilience of the long-established MDR service that grew strongly throughout 2020 and has continued to grow in 2021," said Chief Executive Ian Mann
The company also highlighted that in January it gained eleven new clients within its Assurance division for consultancy contracts across a number of industries.
By Ife Taiwo; ifetaiwo@alliancenews.com
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