Parity Regulatory News (PTY)

RNS Reach - This is a non-regulatory announcement

11 August 2020

Parity Group PLC

("Parity" or "Company")

Parity enters cyber-warfare training partnership with CyberGym

Partnership wins place on Northern Ireland Co-Operation Overseas (NI.CO)

Parity (AIM: PTY) announces a strategic partnership agreement with CyberGym ("Partnership") offering a global network of cyber-warfare preparedness training for governments and private enterprises.

The partnership has won a place on the NI.CO Cyber Security Training Services Framework to provide consultancy and recruitment support in Northern Ireland. While no immediate value on future contracts can be confirmed, the total NI.CO framework agreement has a drawdown value of £2bn over the course of 10 years. The Cyber Security Training Services Framework is an unspecified subtotal of the overall framework.

Matthew Bayfield, CEO of Parity, said:

"Our partnership with CyberGym puts Parity at the forefront of defence training for our public and private enterprise clients in cyber warfare security. The global pandemic has heightened the risk of cyber-attack at all levels and especially as home working exposes data that requires additional security measures that must be introduced across a wide range of institutions where regulators are demanding new compliance measures.

Parity is now in a position to immediately offer our clients a comprehensive set of data management skills to help them keep ahead of all their data challenges."

Mr Tim Vincent, CEO of CyberGym UK, said:

"This partnership offers protection to high level targets in the public services, utility organisations and governments by delivering training and testing, already adopted and trusted by governments around the world. CyberGym's cloud based Virtual Cloud Arena complements their global network of physical training centres and mean that in the continuing lock down we are able to offer the unique emulation training to employees wherever they may be. The consultancy and resources provided by Parity in the growing and increasingly important cyber security sector are entirely complementary and enhance the service currently provided to their clients."

Contacts:

Matthew Bayfield CEO Parity Tel + 44 (0) 208 543 5353 www.parity.net

About Parity

Parity helps organisations find the right people, skills and data to support confident data-led business decisions. Specifically, we advise on data and we provide access to skills either as a managed service, through resourcing in the contract or permanent market or as part of a learning and development programme.

Our work comes from a mix of long-term contracts with public and private sector organisations as well as expanded projects with existing clients as a result of strong relationships and a track record of high client satisfaction.

About CyberGym

Founded in 2013, CyberGym conducts cyber-warfare preparedness training for government and private enterprises with a global network of connected arenas, offering programs that focus on the human factor. Led by teams of international intelligence veterans, CyberGym provides tailored, scenario-based training that enables service providers, utility organizations and governments to build comprehensive training and qualification programs.

CyberGym's training programs and complementary services aim to generate a long-lasting, sustainable impact on the organization's cyber-readiness, brand safety and overall market-value. As focused and efficient tools in corporate cyber strategy, our solutions generate substantial savings and minimize the risk of a cyber breach and the damages caused by cyberattacks. The human-centered and human-first approach has the deepest impact on personnel at all organizational levels.

About Northern Ireland Co-Operation Overseas

NI-CO is a not for profit, public body dedicated to the pursuit of building efficient, accountable and sustainable public sector institutions capable of managing donor aid effectively and implementing positive change. The total NI.CO framework agreement has a drawdown value of £2bn over the course of 10 years. The Cyber Security Training Services Framework is an unspecified subtotal of the total framework.