Accumuli Share Discussion Threads

[aishah] 29/8/2014 16:14

Nasdaq:VDSI which has doubled since Feb also up nicely. Good space to be in

[aishah] 29/8/2014 14:49

Splunk up sharply in the states.

[igoe104] 29/8/2014 14:27

Momentum is certainly starting to build with ACM, I`m not surprised with world-wide cyber problems.

[rivaldo] 13/8/2014 09:00

Interesting article in the Times:



"British spending on fighting cyber threats set to soar
Nic Fildes Technology  &  Communications Editor
Last updated at 12:01AM, August 11 2014

The amount British companies spend on insuring themselves against cyber security threats is set to balloon over the next five years as businesses try to offset the potentially catastrophic effects of data breaches and hacking attacks.

According to one Lloyd's of London underwriter, only £20 million is spent on cyber security by British companies, despite the growing threat and the increased number of attacks on the servers of small and large businesses.

That is in sharp contrast with the US, where laws were introduced in 2005 to force companies to take steps to protect themselves from cyber attacks, which triggered an increase in spending on insurance.

Barbican Insurance Group said that American companies spent $1.3 billion on cyber insurance last year compared with $850 million in 2012. That is expected to grow by a further $1 billion this year.

Geoff White, an underwriting manager for cyber, technology and media, said that new European Union rules that require companies to report when they have had a data breach, or face a fine, will spur more of them to invest in insurance to cover the cost of dealing with attacks and claims from affected customers.

He said he expects that £450 million will be spent by British companies on such insurance within five years and that the total market is worth £3.5 billion. "Cyber is the fastest growing line of speciality business ever seen. We are receiving ten times more submissions than two years ago," he said.

However, it is not just large companies that need to be wary of the threat of hackers, because small and medium-sized businesses are also in danger of such attacks. The government has calculated that 87 per cent of small businesses in Britain were the subject of a data breach in 2012.

A small business could spend between £65,000 and £115,000 dealing with an attack, compared with up to £1.15 million for a large company, according to Barbican.

Mr White admitted that much of the increased spend will be the result of insurance companies targeting smaller businesses with offers.

The amount British companies spend on insuring themselves against cyber security threats is set to balloon over the next five years as businesses try to offset the potentially catastrophic effects of data breaches and hacking attacks.

According to one Lloyd's of London underwriter, only £20 million is spent on cyber security by British companies, despite the growing threat and the increased number of attacks on the servers of small and large businesses."

[rivaldo] 12/8/2014 11:12

ACM run a feature on the recent major Russian password hack:

[rivaldo] 05/8/2014 14:15

Finncap reiterate their 33p target and suggest further cross sales to come:

"Accumuli*. Contract wins (CORP)

Accumuli has announced two new contracts worth a combined value of £0.4m with pan-European financial services organisations. The first, to an existing customer, represents the first technology licence sale of its kind to this customer, building on existing consulting services relationship. The second involves licence and consulting services to a new customer.

Both organisations are likely to generate yet further cross sales, the contracts relating to Splunk big data analytics and highlighting the further opportunities from the successful integration of Eqalis, acquired in December 2013.

33p target reiterated.
Analyst: Andrew Darley"

[cheshire man] 04/8/2014 08:06

Gavin Lyons, CEO of Accumuli plc, commented: "These are very important wins for Accumuli demonstrating that our premium solutions and services are not only driving new business to the enlarged Group, but importantly, are also resulting in early successes of cross-selling into the existing customer base.

[aishah] 04/8/2014 08:01

Excellent news re. Splunk contract.

[rivaldo] 04/8/2014 07:32

Significant sales of premium Splunk solutions announced today - the importance lies in the nature of the wins rather than the amounts themselves (which is why it's a Reach announcement):



"Contract Wins

Broadened solution set following acquisition integrations drives new business
and supports cross-selling strategy

Accumuli plc (AIM: ACM), the independent specialist in IT Security and Risk Management, is pleased to announce that it has recently signed new contracts with two pan European financial services organisations worth a combined value of £0.4m. Both contracts are for technology solutions and services associated with Accumuli's Big Data monitoring and analytics capabilities obtained through its acquisition of Eqalis in December 2013 (a leading provider of the Splunk®¹ Enterprise Operational Intelligence platform).

The first contract is with an existing customer and represents the first technology licence sale of any kind to this customer, with Accumuli having previously only sold consulting services. Accumuli, following the acquisition of Eqalis, was able to demonstrate to the customer a unique level of skill which is required in the deployment of a technology solution such as Splunk Enterprise, together with the support of highly trained specialists.

The second contract is a new customer win delivering Splunk Enterprise technology licences and consulting implementation services.

The nature of Big Data Analytics is that once organisations start gaining insights into their business, they quickly discover new use cases for the technology. It is therefore believed that there will be further sales into both these organisations for this type of product and service.

Gavin Lyons, CEO of Accumuli plc, commented: "These are very important wins for Accumuli demonstrating that our premium solutions and services are not only driving new business to the enlarged Group, but importantly, are also resulting in early successes of cross-selling into the existing customer base. We have spent the last year integrating our recent acquisitions and putting in place a business platform so that we can enable organisations to manage their IT risk and leverage their IT Assets. As a result, we believe we are well positioned to expand the delivery of our solution set across our growing base of over 700 customers and be the 'capability partner' of choice for our customers."

¹ Splunk Inc. (NASDAQ: SPLK) is the provider of the leading software platform for real-time Operational Intelligence"

[qs99] 01/8/2014 08:38

Thanks for all posts above. looks an interesting one and taken a small position....look forward to an August update...?

[igoe104] 22/7/2014 08:30

Someone sold a decent amount yesterday, and its probably triggered off some stop-losses. good buying opportunity for some looking to get in.

[fizzypop] 22/7/2014 08:22

10% fall in share price last two days ... anyone any ideas why?

[rivaldo] 17/7/2014 12:23

The Northern 3 VCT trading statement just out indicates they've bought around £500,000 ACM in the last 3 months (and similarly HAYT, which I also own):

[buffetteer] 14/7/2014 11:21

Please stop posting irrelevant posts - this is an Accumuli board only .

[sven2006] 14/7/2014 10:56

Smith mentioned debt not paper. He invested 500k into his own SIPP.

Anyway shouldn't ruin this thread.

Any targets on this one please ?

Alos has Smith still got his option on 7 million shares here ?

[euclid5] 11/7/2014 19:43

But to turn it into a medium sized co they will have to issue a lot of paper which equals a lot of dilution

[growth_stocks] 11/7/2014 15:52

Hi everyone

A chance to get in at the bottom of another one of Ian Smiths ventures CTP that he said he aims to replicate the Accumuli model. he also goes as far as to mention a smaller version of Capita.

www.mxccapital.com/investments/

Smith and Weaver have begun growing their new venture which they heavily invested their own cash and in fact own 26% of the shares. It is at the very early stages but has begun with an acquisition to add to its small but growing portfolio on companies. They are quoted stating they intend on turning it into a medium sized company with up to 9 quick fire acquisitions planned and the first one (Montal) has already been completed.

They plan to create a mini Capita and Capita as you know is a mega monster FTSE100 company.

Smith's quotes www.channelweb.co.uk/crn-uk/news/2351506/ian-smith-hunts-acquisition-targets-for-mini-capita-venture

[rivaldo] 09/7/2014 08:40

Remembering that Eqalis is Splunk's leading UK partner, this is good to see...



"Accumuli : Splunk named a Leader* in Gartner 2014 Magic Quadrant for SIEM
07/08/2014 | 10:04am US/Eastern
Tuesday 8th July 2014

Gartner evaluated Splunk® Enterprise and the Splunk App for Enterprise Security, reinforcing the focus that an analytics-enabled Security Operations Center (SOC) is essential and more effective at detecting and responding to today's cyberthreats.

"Analytics provide the SOC and security team a holistic view by collecting, monitoring and analysing all the data in an organisation with rich enterprise and global threat context," said Haiyan Song, vice president of security markets at Splunk. "Splunk customers are continuously transforming their operations by giving their SOC and security teams situational awareness and, more importantly, the ability to investigate and make determinations fast, which means more decisive and timely actions against attacks, advanced persistent threats, insider threats and other operational issues."

The report highlights the fact that companies are re-evaluating SIEM providers due to partial, marginal or failed deployments. Significantly, it is early breach detection which causes considerable concern. With more than 92% of breaches going undetected, the importance of stronger threat intelligence, behaviour profiling and improved analytics is central to business strategy and the growing focus on Cyber Resilience.

Ian Tinney, Head of Big Data Platforms and Performance Analytics at Accumuli Security says, "Targeted, advanced attacks and insider threats can be detected and resolved using analytics of diverse data sets, but it is challenging to bring this data into traditional SIEM deployments. We at Accumuli Security use Splunk Enterprise and the Splunk App for Enterprise Security to create a security intelligence platform that leverages analytics to help find known and unknown, advanced threats. With vast security domain expertise, Accumuli is able to integrate Splunk Enterprise Security with a whole range of new and existing Security products within the customer's infrastructure."

"This recognition from Gartner endorses our belief that the solution we provide to our customers is based on a leading platform for collecting, analysing and visualising machine data, providing a unified way to organise and extract real-time business insights."

In the case of Splunk Gartner points out that this product can be leveraged not just for SIEM, but also for wider Operational Analytics use cases making more efficient use of an organisation's investment.

Ian continues, "At Accumuli we define IT Risk as being not just a question of protecting your business against security breaches, but also against the exposure caused if you do not make the most effective use of the data available to enhance business and technical performance. There are potentially profitable business insights and performance efficiencies to be derived from the rich stew of big data that can be captured by Splunk. Having collected data for a SIEM process, that same data can be recycled for other potentially valuable use cases, making for a much more effective and enduring investment." "

[rivaldo] 04/7/2014 13:43

NCC reported pretty good results yesterday. They're on far too rich a rating for me, especially when compared to ACM, but it's good to hear them say:

"The information security and cyber security markets are evolving continuously and growing at an unstoppable pace."

[rivaldo] 01/7/2014 13:43

Cheers penpont, that should take out any sellers nicely. Here's the start of the article:



"Fighting cyber crime

Aim-traded Accumuli (ACM: 27p) has delivered the bumper set of results I had anticipated when I initiated coverage a couple of months ago ('Profit from cyber warfare', 23 April 2014). The company is a leading independent specialist in IT security and risk management, an area of expertise that is becoming increasingly critical as companies combat the threat of cyber attacks potentially compromising the confidentiality of information they store and process. Specifically, network security involves policing the network perimeter; establishing multi-layered boundary defences with firewalls and proxies between the external network and the trusted internal network of the website or ISP; and protecting internal internet protocol (IP) addresses and providing real time security intelligence."

[penpont] 01/7/2014 12:20

S Thompson in IC has reiterated buy tip and upgraded target price to 30-33p by year end.

[igoe104] 27/6/2014 08:20

I had a sneaky look at asda whilst shopping. it also said that finn cap target price of 33p is very conservative.

[rivaldo] 27/6/2014 07:31

ACM appear to have been featured positively in this week's Shares Mag:



"Plays update: Accumuli

Accumuli (ACM:AIM) 26.75p Gain to date: 33.75% Cyber security buy-and-build consolidator Accumuli (ACM:AIM), first flagged by us at 20p (see Shares, Plays, 20 Feb), remains a work in progress, but one sensibly placed. A swathe of ... "

[rivaldo] 25/6/2014 12:27

RNS out - ACM have a new substantial shareholder, with Investec going above 3% on 4.77m shares: