Shearwater Group PLC Contract Renewal
September 07 2021 - 2:00AM
RNS Non-Regulatory
TIDMSWG
Shearwater Group PLC
07 September 2021
7 September 2021
RNS Reach
SHEARWATER GROUP PLC
("Shearwater" or the "Group")
Contract Renewal
Pentest secures million-dollar contract renewal with global
technology corporation
Shearwater Group plc, the organisational resilience group that
provides cybersecurity advisory and managed security services,
announces that its group company, Pentest, has secured a one-year
contract renewal worth $1 million, with a global technology
corporation.
Under the terms of the renewal, Pentest will continue to deliver
a range of vulnerability assessment and penetration testing
services to the organisation. These services will continue to form
a key function within the organisation's global cloud technology
infrastructure.
Through these penetration testing services, Pentest performs an
in-depth investigation into the organisation's resilience with the
continued aim of uncovering any IT security vulnerabilities. This
method is designed to simulate the actions of a threat actor,
exposing and classifying vulnerabilities which could be used to
exploit or damage an organisation if left unremedied.
Phil Higgins, Chief Executive Officer of Shearwater Group plc,
commented:
"Securing this major contract renewal, with Pentest again being
selected as the preferred supplier for a global technology client,
highlights the quality and depth of work being provided by
companies within our Group. Furthermore, the extension is testament
to the Group's longstanding and close relationships with its
customers. The Group is always delighted to be awarded repeat
contracts, demonstrating the true value and trust our clients have
in the IT security products and advisory services that we
offer."
Enquiries:
Shearwater Group plc www.shearwatergroup.com
David Williams c/o Alma PR
Phil Higgins
Cenkos Securities plc - NOMAD and
Joint Broker
Ben Jeynes / Max Gould - Corporate
Finance
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
Berenberg - Joint Broker
Matthew Armitt / Mark Whitmore +44 (0) 20 3207 7800
Alma PR shearwater@almapr.co.uk
Susie Hudson / Caroline Forde / +44 (0) 20 3405 0205
Joe Pederzolli
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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
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.
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