Shearwater Regulatory News (SWG)

27 January 2022RNS Reach

Shearwater Group PLC

("Shearwater", or the "Group")

Contract Renewals

Brookcourt Solutions secures two contract renewals with a leading Global Financial Organisation

Shearwater Group plc (AIM: SWG), the organisational resilience group that provides cybersecurity, advisory and managed security services, is pleased to announce that its group company, Brookcourt Solutions, has secured two contract renewals with a leading Global Financial Organisation.

The first renewal, a one year contract totalling over $1.1m sees Brookcourt Solutions continuing to be the supplier of choice to support and deliver a complex security software solution; Real Time Visibility for big data, that will actively contribute to enhancing security and compliance within the organisation.

The second contract renewal, a 16 month contract has a value of c. £450k. The renewal, for Insider Threat Management Software, appoints Brookcourt Solutions to continue to support and assist in the delivery of this cyber security software that will actively contribute in helping the bank detect, investigate and prevent potential insider threat incidences with real-time alerts.

Under both of these contract renewals, Brookcourt Solutions services will actively support this global banking organisation enhance their organisational resilience and cyber security position.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

"These contract renewals with a leading global financial organisation represent yet another endorsement of Shearwater as a supplier of choice able to continue to leverage and deploy our deep understanding of best-in-class technologies for clients in the financial sector, which recognises the rising importance of maintaining vigorous cyber and security operations."

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About Shearwater Group plc

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to help create a safer online environment for organisations and their end users.

The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers across the globe across a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.