RNS11 Apr 2022 09:07
CONDUITY CAPITAL PLC
("Conduity Capital" or "the Company")
Update on the proposed reverse takeover of Smarttech247
Key Highlights from Zero Day Con 2022
Further to the announcement dated 4 August 2021, the Company is pleased to announce that it continues to make good progress on the proposed reverse takeover of Smarttech247. Also, Smarttech247 recently hosted a global cybersecurity conference, Zero Day Con 2022, in Dublin.
This included over 25 speakers from organisations around the world who discussed many aspects of cybersecurity, from new technologies and new attack vectors to regulations that are reshaping cyber and business risks. Notable speakers included representatives from Microsoft, IBM, NCIS and the Institute of Cancer Research. Panel discussions touched on topics such as Cyberwarfare, digital identity and managing risks and the power of collective intelligence in cybersecurity.
All presentations can be found on the Zero Day Con YouTube channel using the following link: https://www.youtube.com/channel/UC54y6veiWvpLSplamAnqtvA and further information is available on the Zero Con Day website: https://www.zerodaycon.com/
Following on from Smarttech247's performance for the period ended 31 July 2020, which represented a significant increase compared to the previous year, the company has continued to win new clients, including a contract with an innovative fintech company worth in excess of €600,000 over three years. The company is also progressing the roll out of its stable of internally developed automated security products currently consisting of the successful ThreatHub (threat and vulnerability modelling and management) and NoPhish (an AI driven phishing response solution to threat emails).
Greg Collier, Non-Executive Chairman, commented:
"Smarttech247 continues to go from strength to strength as the world is increasingly exposed to cybersecurity attacks which can wreak havoc at companies and institutions around the globe. Our IPO process is very much on track to enable us to bring the company to market."
Raluca Saceanu, Smarttech247, commented:
"With rising cyber risks - especially in an age of growing geopolitical conflicts - organisations and governments need better visibility and the right measures in place to mitigate risk. Our growth plans should further enable us to help global enterprises and government agencies strengthen their threat defences and we believe this transaction will enable us to accelerate those plans."