(Alliance News) - Smarttech247 Group PLC on Wednesday said it has received an order from an existing, unnamed automotive technology company, worth around USD3 million across three years.
The Cork-based artificial intelligence-enhanced cybersecurity services provider said the three-year order includes the "provision and implementation of cutting-edge security intelligence technology to provide enhanced visibility and threat detection", which it said strengthened defence "against the increasing threat of cyberattacks".
"These ever-evolving cyber threats mean that the security and protection of data has become a top priority for businesses," the company said.
Smarttech247 said the "cutting-edge technology" from the order would serve an important part of its managed detection and response service, VisionX. Once integrated, it said the technology will offer clients "further security and a unified and proactive security solution".
Chief Executive Officer Raluca Saceanu added: "We are delighted that Smarttech247 has been entrusted by our client to further develop our relationship in strengthening its digital infrastructure and safeguarding sensitive information.
"With the ever-changing cybersecurity landscape, we continue to pioneer new ways to ensure the cyber safety of all existing and new clients. By using this new security technology, our customer will receive a higher level of cyber protection and will be empowered to stay one step ahead of cyber threats."
Shares in Smarttech247 were up 2.9% to 31.89 pence each in London on Wednesday before midday.
By Greg Rosenvinge, Alliance News reporter
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Smarttech247 (S247)