ECSC Group PLC Managed Services & Consulting Major Contract Wins (2185Z)

TIDMECSC

RNS Number : 2185Z

ECSC Group PLC

09 January 2020

9 January 2020

ECSC Group plc

("ECSC" or the "Company" or the "Group")

Managed Services and Consulting Major Contract Wins

ECSC (AIM: ECSC), the provider of cyber security services, is pleased to announce five major contract wins across a range of sectors, with a combined revenue value in excess of GBP750,000. This revenue will be recognised throughout the duration of the contracts which vary between one and three years.

The largest contract is to provide 24/7/365 cyber security monitoring and breach detection, following ECSC's response to a major security incident within a chemical company. The managed solution utilises ECSC's proprietary Kepler Artificial Intelligence, managed from the Group Security Operations Centres in the UK and Australia.

Also using the same Kepler Artificial Intelligence technology, the next three contracts represent a two year renewal from a household name in the retail sector, a new three year contract with an IT services company, and a one year contract extension with a financial services organisation.

The final contract is a cyber security testing programme for a new client providing mobile payment solutions.

Ian Mann, Chief Executive Officer of ECSC, commented:

"We are pleased to end the year on such a positive note with a number of major contract wins across a range of sectors. Following the new 2019 GDPR fines, clients are increasingly recognising the need for cyber security services. Our strategy of winning consultancy clients, and developing them into long-term recurring managed services clients continues to be effective."

Enquiries:

 
ECSC Group plc 
 David Mathewson, Non-Executive Chairman 
 Ian Mann, Chief Executive Officer 
 Clare Macdonald (Press and Investor Enquiries)   [phone] 
Allenby Capital (Nominated Adviser and Broker) 
 David Hart 
 Nicholas Chambers                                [phone] 
 

For more information please visit the following: https://investor.ecsc.co.uk/

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January 09, 2020 02:00 ET (07:00 GMT)