Defenx plc New channel partner agreements (8392J)

TIDMDFX

RNS Number : 8392J

Defenx plc

03 July 2017

3 July 2017

Defenx PLC

("Defenx" or the "Company")

New channel partner agreements

Defenx PLC (AIM:DFX), the cyber-security software group, is pleased to provide an update on its continued channel partner expansion.

Multi Time Srl ("Multi Time") is a field marketing agency serving many well-known consumer brands such as Bose, Canon and LG. Multi Time will be promoting and selling Defenx Mobile Security Suite, SOS and Parental Control apps to parents, teachers and students using its field force of 28,000 across Italy.

Arnavalle Telecomunicaciones SL ("Arnavalle"), based in Spain, is a distributor of software and network hardware, primarily to the telecoms industry in Europe, Latin and South America and select territories in Asia, including Thailand, Malaysia, Philippines and Australia. Arnavalle is now distributing Defenx Security and Backup solutions.

Combined, their initial orders exceed EUR1 million and we anticipate further orders this year once Defenx products are established in their sales channels.

Andrea Stecconi, CEO of Defenx, commented:

"We are delighted to welcome Multi Time and Arnavalle as Defenx channel partners. Multi Time will help our expansion into the schools and family market while Arnavalle extends our reach into major secondary markets, particularly into Spanish language regions. We will continue to grow into new consumer markets with this B2B2C strategy at the same time as we expand into corporate markets with the support of BV-Tech."

Enquiries

 
 Defenx PLC 
  Andrea Stecconi - Chief Executive Officer 
  Philipp Prince - Chief Financial Officer     020 3769 0687 
 IFC Advisory (Financial PR and IR) 
  Tim Metcalfe / Graham Herring / Heather 
  Armstrong                                    020 3053 8671 
 Strand Hanson Limited (Nominated and 
  Financial Adviser) 
  Richard Tulloch / Ritchie Balmer / 
  James Bellman                                020 7409 3494 
 WH Ireland (Joint-Broker) 
  Adrian Hadden / Alex Bond                    020 7220 1666 
 Beaufort Securities (Joint-Broker) 
  Jon Belliss                                  020 7382 8300 
 

About Defenx

Founded in 2009, Defenx is a fast-growing and profitable cyber-security software group that offers a range of Security, Backup and Protection solutions for smartphones, PCs and networks.

A channel sales strategy, focused on flexibility, white-labelling and profit-share arrangements with distributors, telecoms companies and hardware manufacturers, enables Defenx to compete with established industry incumbents. Defenx's global distribution partners currently include 3Italia, Türk Telecom and Western Digital, amongst others including telecoms operators, systems integrators and original equipment manufacturers.

Defenx was admitted to trading on AIM on 3 December 2015, acquired Memopal Srl in August 2016 and announced a strategic partnership with BV-Tech, an Italian IT solutions provider, in April 2017. These have allowed the Company to diversify its product portfolio and grow its customer base by adding proprietary cloud backup and encryption technology as well as new channel partners.

Web: investors.defenx.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 03, 2017 02:01 ET (06:01 GMT)