Drumz Plc Statement re Acuity's appointment of new partner

 
TIDMDRUM 
 
This announcement contains inside information for the purposes of Article 7 of 
the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue 
of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the 
publication of this announcement via a Regulatory Information Service, this 
inside information is now considered to be in the public domain. 
 
23 March 2023 
 
                                  Drumz plc 
 
                          ('Drumz' or the 'Company') 
 
                          Update on investee company 
 
The Directors of Drumz plc are delighted that its investee company, Acuity Risk 
Management Ltd ("Acuity"), has secured a new partnership with United 
States-based Tutela Solutions ("Tutela").  Tutela will refer organisations 
looking for a governance, risk and compliance (GRC) solution to Acuity's 
award-winning platform STREAM® Integrated Risk Manager ("IRM") in North 
America.  This is a further step for Acuity towards building its presence in 
North America, the world's biggest market for GRC solutions. 
 
Tutela, based in Florida, is a leading developer and implementer of 
best-in-class GRC solutions.  It specialises in innovative risk management 
solutions leveraging multiple GRC platforms.  Tutela has delivered 500+ 
projects for more than 135 clients. 
 
Kerry Chambers, Chief Commercial Officer for Acuity, said: "Tutela has many 
years' experience of developing and deploying GRC solutions so we are proud and 
delighted to partner with them and look forward to helping US organisations 
better manage their risks. The combined expertise of Acuity and our new 
partner, Tutela, provides a great opportunity for us in the US where there is 
mounting regulatory pressure.   An Integrated Risk Management strategy can 
provide the necessary clarity to risk that US organisations require." 
www.acuityrm.com 
 
Sonny Crouse, Director of Business Development for Tutela Solutions, said: "We 
are delighted to partner with Acuity because its STREAM® solution can be 
configured to solve all major GRC challenges while providing the scalability 
needed to address regulatory requirements and meet industry and global 
standards of best practice across all industries."  www.tutela-solutions.com 
 
Angus Forrest, chief executive of Drumz, explained: "Acuity is growing strongly 
and is implementing a partnership strategy to build a bigger presence in the 
North American market for GRC solutions.  This builds on the customer win 
announced in February and is a significant step to accelerate growth of 
revenues and customer numbers in the world's largest market for risk management 
software." 
 
For further information please 
contact: 
 
Drumz Plc                              www.drumzplc.com 
 
Angus Forrest                          [phone] 
 
WH Ireland (NOMAD & Broker)            www.whirelandcb.com 
 
Mike Coe / Sarah Mather                020 7220 1666 
 
Peterhouse Capital Limited (Joint 
broker) 
 
Lucy Williams / Duncan Vasey           020 7469 0936 
 
 
 
END 
 
 

(END) Dow Jones Newswires

March 24, 2023 03:00 ET (07:00 GMT)