Drumz Plc Update on Investee

 
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. 
 
5 July 2022 
 
                                  Drumz plc 
 
                          ('Drumz' or the 'Company') 
 
             Update on investee company - Acuity Risk Management 
 
The directors of Drumz plc are delighted that its investee company, Acuity Risk 
Management Ltd ("Acuity"), has completed its financial year to 31 March 2022 
with a c.30% increase in revenues to £1,552,000. 
 
In the final quarter of the year there were significant new business wins for 
Acuity from a major global broadcaster, a leading information provider, and a 
German software company which operates world-wide. 
 
The first quarter of the current financial year to 31 March 2023 shows strong 
growth in the value of orders won compared to the first quarter last year. 
 
Gartner Peer Insights, a peer-driven ratings and reviews platform for 
enterprise IT solutions and services, in June 2022 has rated Acuity's STREAM a 
4.8 out of 5.0 and as one of the top two Cyber Risk products. 
 
In June 2022 G2.com, the world's largest and most trusted tech marketplace for 
software, named Acuity (1) a Leader in 'IT Risk Management Software', (2) High 
Performer in 'Audit Management Software' and (3) number two for Quality of 
Support. 
 
Simon Marvell, founder and CEO of Acuity commented: "Acuity is very proud to 
get this recognition from G2.com". 
 
Angus Forrest chief executive of Drumz said: "Acuity's work on new strategies 
to drive expansion has clearly begun to take effect and there should be a 
material increase in the rate of growth of revenues in the current year." 
 
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

July 05, 2022 02:55 ET (06:55 GMT)