LONDON (Alliance News) - Cybersecurity company Falanx Group Ltd on Monday said it has secured a new contract with the UK government.
Falanx will provide managed cyber defence services to a series of UK government departments, generating GBP370,000 in revenue over the first three years.
"The market for cyber defence managed services continues to grow. This latest contract win is further endorsement of our decision to change the strategic focus of the company," said John Blamire, Falanx's chief executive.
Falanx shares were up 10% to 5.79 pence on the news, one of the best performers in the AIM All-Share just after the open on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.