Cyber Security 1 Ab: Cyber 1 Demonstrates Strong Underlying Momentum In Its Core Business As It Closes Another Successful Qua...

 
TIDMCYB1 
 
   CYBER 1 demonstrates strong underlying momentum in its core business as 
it closes another successful quarter, with the top five deals amounting 
to EUR5.4m 
 
   in new business 
 
   London United Kingdom -- 07 January 2020, Cyber Security 1 AB (publ) 
("CYBER1"), (Nasdaq:CYB1,OTCQX:CYBNY), a leading supplier of cyber 
security solutions with operations in Europe, Africa and the Middle East, 
is pleased to announce a number of large new deals as the company closes 
off a successful 2019. 
 
   As an organisation underpinned by dynamic organic growth and 
supplemented by a fast-growing and accretive acquisition model, CYBER1's 
strategic efforts on cross collaboration between subsidiaries was a key 
focal point for the Group in the last two quarters of 2019 and will 
continue into 2020, realising the collective opportunities available as 
further harmonisation is realised. 
 
   A clear example of this focus is demonstrated in that of the five 
significant deals closed in Q4, four of these include upselling of 
additional solutions into the existing CYBER1 group customer base. 
 
   This land and expand approach in providing a complete and expansive 
offering to our clients, has been successful in driving organic growth 
targets, increasing LTV (Life time value) a key financial metric, as 
well as ensuring our solutions deliver integral results to our partners. 
 
 
   In addition, we continue to acquire new enterprise business, leveraging 
our vendor relationships to ensure we have a differentiator in pricing 
against our competitors, whilst ensuring our implementation services are 
delivered efficiently and effectively. 
 
   Notable deals closed in Q4 2019: 
 
 
   -- South African based Financial Services, 1.5m EUR, (1-year contract 
      value). 
 
   -- Multi-national insurance provider, 1.2m EUR, (3-year contract value). 
 
   -- Large-scale energy provider, 918k EUR, (3-year contract value). 
 
   -- South African based Financial Services, 900k EUR (3-year contract value). 
 
   -- Government forensics deal, 890k EUR. (3-year contract value). 
 
 
   The CYBER1 Chief Operations Officer, Vivian Gevers, commenting on the 
deals closed to date in the last quarter, stated: 
 
   "As cyber security challenges continue to increase at a rapid rate, 
CYBER1 is well positioned to meet these growing demands through its 
professional consultants coupled with its global strategic partnerships 
to deliver bespoke solutions. The CYBER1 customer relationships are deep 
and trusted, some spanning decades and we look forward to strengthening 
those connections into 2020 and beyond." 
 
   For more information about our services and product offering and how we 
can help your security environment, please contact us on 
https://www.globenewswire.com/Tracker?data=e1jTyRSl1VZ54egiLoJ9wHpe9JzFmgiUEhltvHzLZLERqWcZ8b1fsjY_pgE8slj4ZNZjm99_5uAsnj90Bj6WeQ== 
[e-mail], where we can provide assistance in your jurisdiction 
with the latest cyber security and compliance needs. 
 
   Certified Adviser 
 
   Mangold Fondkommission AB is the Company's Certified Adviser. 
 
   Telephone: [phone] E-mail: 
https://www.globenewswire.com/Tracker?data=e1jTyRSl1VZ54egiLoJ9wDKcbS5AwWiKFd1uLHjFmVAsOUpGvaHWPeXpDNqeJv5FPaMu0On51fvINOBi4fOqjg== 
[e-mail] 
 
   FOR FURTHER INFORMATION, PLEASE CONTACT: 
 
   European Investor Relations Contact: 
 
   Tim Metcalfe / Zach Cohen 
 
   CYBER1 Email: 
https://www.globenewswire.com/Tracker?data=C1THmK0WcR9fSPaYiSZi2wwDhS0uMeLJ8KDtIw1VJXatxU3iwAP1CwV0-53-6Byj9IRFMms6lGAP9ucy0D8M9fbVpSX2APWeFroRBv2pXJk5PCSiOh1c2u03zleRw-yN 
[e-mail] 
 
   Matt Glover: U.S Investor Relations contact, CYBER1 
 
   Email: 
https://www.globenewswire.com/Tracker?data=C1THmK0WcR9fSPaYiSZi24QHWDvxSUpU6qO3-LwCD-WwVvw8Juey2C66WnxTZ29WEkuNsRvetKl4cMK6JagC-FUSaZTWr1Ky1mu9EXLT11M= 
[e-mail] 
 
   US-Investor Relations contact, CYBER1 
 
   E-mail: [e-mail] 
 
   ABOUT CYBER1 
 
   CYBER1 is engaged in providing cyber resilience solutions and conducts 
its operations through physical presences in Sweden, South Africa, the 
UK, Kenya, Germany, Austria, Turkey, Greece, Italy, the Ukraine and the 
United Arab Emirates. Listed on Nasdaq First North Growth Market 
(Nasdaq: CYB1.ST, and as an American Depositary Receipt (OTCQX: CYBNY), 
the Group delivers services and technology licenses to enhance clients' 
protections against unwanted intrusions, to provide and enhance cyber 
resilience and to prevent various forms of information theft. CYBER1 had 
revenues of 43.95m EUR in 2018. For further information, please visit 
https://www.globenewswire.com/Tracker?data=5V0Xcmuz5Ygi3w46Xjm5N9xWK93O91Cgxx7sUCP1TZKy3043-rrB4RuIyqyonIiG0idPcDzAjYeLcXrybi484aC9_D-orNESgZdSjSDtyZ9QVJhGv179bjJx13WGDz0kxKClEZdELmxPVyB6e3WTjUf5BFs5_Hzq1-Vh68Lou4JQyW10WrIvRyL0m0B-i6N17ZhrkO4La3gvloiP_gt9U73S04ARDcnAhfY8Im0qj1X4epqJ19u_3q6mKdgI6eckmHcGgbOsHiRsLfGrXrnfVw== 
www.cyber1.com/investors. 
 
   For further information please visit: 
https://www.globenewswire.com/Tracker?data=5V0Xcmuz5Ygi3w46Xjm5N5QT-gy7q_lSRG5p2VHpmNHKQtMXmkttM_YzmTHoHOD_WQyvsqaBnSad-xl1bavZF5orsjVR76MupoGlQ-AsIH1kXFVX-Zu57ZVYs4XcplQN_8pBAU09_UZrlp29rAp4XY4X1r7Zx02f7qCBX2nBpQ_qKNTNkSuyV0_v3y0tb5_OxxaIQmR_SYrleQSYuVdc9cFVRvppUIxkxEfq_593jFI= 
www.cyber1.com 
 
   For all company filings and reports, please visit: 
https://cyber1.com/cyber1-investor-information/ 
 
 
 
 

(END) Dow Jones Newswires

January 07, 2020 08:30 ET (13:30 GMT)

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