6 Jul 2022 07:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse (amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
6 July 2022
ECSC Group plc
('ECSC' or the 'Company' or the 'Group')
Major Contract Wins for MDR Division
ECSC Group plc (AIM: ECSC), the provider of cyber security services, is pleased to announce three significant contract wins in its Managed Detection and Response (MDR) division. Sectors represented are employee online services, shipping, and online training and assessment services.
ECSC will provide 24/7/365 cyber security monitoring, detection and response support from the Group's Security Operations Centres (SOCs) located in the UK and Australia.
The contracts, all of which are for an initial period of three years, have a combined revenue value in excess of £590,000. Revenues will be recognised throughout the duration of the contracts.
When combined with a number of recent successful MDR renewals, the order book at the end of H1 (end June 2022) was £2.9m. This record level of MDR order book represents an increase in excess of 30% compared to the 2021 year end value of £2.2m.
Ian Mann, Chief Executive Officer of ECSC, commented:
"We are delighted to report a return to a level of MDR new service wins comparable to pre-COVID levels. The team has worked hard to re-establish this pipeline of new business and re-designed the sales process in recognition of new working patterns within our clients and prospects."
Enquiries:
ECSC Group plcDavid Mathewson, Non-Executive ChairmanIan Mann, Chief Executive Officer | +44 (0) 1274 736 223 |
Allenby Capital (Nominated Adviser and Broker)David Hart/Piers Shimwell (Corporate Finance)Tony Quirke (Sales and Corporate Broking) | +44 (0) 203 328 5656 |
Press EnquiriesClare Macdonald, Marketing Director | +44 (0) 1274 736 223 |
Notes to Editors:
Founded in 2000, ECSC Group plc (AIM: ECSC) is the UK's longest running full-service cyber security service provider. With an extensive range of in-house developed proprietary technologies, including advanced Artificial Intelligence (AI) systems, ECSC provides expert security breach prevention and advisory support to organisations across all sectors.
ECSC operates from two Security Operations Centres (SOCs): one in Yorkshire, UK, and the other in Brisbane, Australia. ECSC offers flexible 24/7/365 cyber security monitoring, detection, and response support to its clients, either as a fully managed service or to enhance an organisation's existing cyber security systems. In addition, ECSC's Assurance division provides guidance, certification to industry standards, and extensive testing services to allow organisations to assess their cyber security protection.
The Company's broad client base ranges from e-commerce start-ups to global blue-chip organisations, including 10% of the FTSE 100.
For more information please visit the following: https://investor.ecsc.co.uk/