CloudCoCo Regulatory News (CLCO)

Adept4 plc

("Adept4")

New Reseller Agreement & Contract Win

Adept4 plc, the AIM listed provider of 'IT as a Service' ("ITaaS"), is pleased to announce a further extension to its 'asset light' IT solution offerings to specifically address the needs of its customers with regard to IT Security.

Adept4 already successfully offers its customers an appropriate IT security solution commensurate with their requirements. However, with the fast-changing nature of threats and with the upcoming introduction of the GDPR (General Data Protection Regulations) which come into effect in May 2018, the scope of solutions offered needs to be kept under constant review. We are therefore delighted to have been selected as one of the first resellers in the UK for Nyotron, the provider of threat-agnostic end-point security.

Nyotron is Silicon Valley headquartered, with design and research capabilities in Israel and was recently named as one of the Top 50 Cyber Security Leaders of 2017 by Cyber Defence Magazine. It's key product is PARANOID, a threat-agnostic end-point defence technology which distinguishes between legitimate activities carried out by a program or user and threatening activities carried out by attacks and requires no prior knowledge about the threat to be effective. It is directly targeted at protecting against zero day threats as well as traditional ransomware, such as WannaCry, and other end-point attack vectors.

We have already enjoyed success, securing our first order worth £0.2 million in total revenue with a business process outsourcer for a three year term. We are also building a solid pipeline of opportunities which we would expect to deliver as a managed service.

We have made a very good start with this relationship and look forward to building on the momentum with this product over the forthcoming months.