Acuity RM Group plc Regulatory News (ACRM)

This is a non-regulatory announcement

5 September 2023

Acuity RM Group plc 

('Group' or the 'Company')

New Contract win

Acuity RM Group plc (AIM:ACRM) is delighted to announce that its wholly owned operating subsidiary, Acuity Risk Management Limited ('Acuity'), has won a new one year contract worth £87,000, for the use of Acuity's software platform, STREAM®  by an existing client to manage their cyber security and other enterprise risks. This is in addition to their existing contracts.

As identified in previous announcements further opportunities have been and are being identified within this and other existing private and public sector clients for further roll outs of STREAM®. 

Angus Forrest, Chief Executive of Acuity RM Group plc, said: "As a result of this high profile client's increasing reliance on STREAM® it is likely that there will be further opportunities within this customer and in related organisations. Over the past 12 weeks the importance of cyber security in both the private and public sectors has been highlighted with an increasing number of high profile incidents receiving publicity. One quoted company has admitted to two breaches this year and the cost of these breaches is substantial both the financial cost measured in £10s millions in addition there are significant reputational costs following a publicised breach."

Kerry Chambers, CEO of Acuity said: "Safeguarding businesses and their valuable assets from risks is our core mission. We're delighted to have secured a significant contract with this existing customer, for delivering cyber security risk management solutions & services. This accomplishment reaffirms our dedication to delivering outstanding risk mitigation solutions that fortify the digital infrastructure of our clients. We're excited about the increased opportunity to support them through the ever-evolving landscape of cyber risks. Together, we're paving the way for a future that's safer, more resilient, and better protected for everyone."

Note to Editors

Acuity RM Group plc

Acuity RM Group plc (AIM: ACRM), is an established provider of risk management services. It's award-winning STREAM® software platform, which collects data about organisations to improve business decisions and management. It is used by around 70 organisations in markets including government, utilities, defence, broadcasting, manufacturing and healthcare.

The Company is focused on delivering long term, sustainable growth in shareholder value. In the short to medium term this is expected to come from organic growth and thereafter may also come from complementary acquisitions.