Acuity RM Group Plc Contract win
July 20 2023 - 2:00AM
UK Regulatory
TIDMACRM
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.
20 July 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 three
year contract worth £388,000 with an option to extend for a fourth year for a
further £125,000, to use Acuity's software platform, STREAM[® ] which is used by
private and public sector clients to manage their cyber security and other
enterprise risks.
The user is an organisation within the British Government which has identified
the importance of cyber security and is rolling out a major programme to manage
their risks. Following this contract there are likely to be further
opportunities in this and other government departments.
Angus Forrest, Chief Executive of Acuity RM Group plc, said: "All organisations
in the public and private sectors are increasingly aware of the importance of
cybersecurity, the severity of the incidents are increasing and there is more
publicity. A breach of security can cause a private organisation financial
harm, loss of valuable IP and reputational damage. However, a successful attack
in the public sector can put critical national infrastructure at risk. These
factors are all driving the market for cybersecurity protection."
Kerry Chambers, CEO of Acuity said: "Securing the future of businesses and
safeguarding their valuable assets from risks is our core mission. We're
thrilled to have won a significant multi-year contract with this Department, for
delivering cyber security risk management solutions & services. This achievement
demonstrates our commitment to providing award-winning risk mitigation solutions
that protect our clients' digital infrastructure. We look forward to
collaborating with our partners and clients to navigate evolving cyber risks,
ensuring a safer and more resilient future for all."
For further information please contact:
Acuity RM Group plc www.AcuityRMGroup.com
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandplc.com/capital-markets
Mike Coe / Sarah Mather +44 (0) 20 7220 1666
Peterhouse Capital (Joint broker)
Lucy Williams / Duncan Vasey +44 (0) 20 7469 0936
Clear Capital (Joint broker)
Andrew Blaylock +44 (0) 20 3869 6080
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.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/acuity-rm-group-plc/r/contract-win,c3807321
END
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