Reach Announcement
14
March 2024
Smarttech247 Group PLC
("Smarttech247", the
"Group" or the "Company")
Smarttech247 Secures New Three-Year Contract
worth c. €1 million
Smarttech247 (AIM: S247), a multi-award-winning
provider of AI-enhanced cybersecurity services providing automated
managed detection and response for a portfolio of international
clients, is pleased to announce it has secured a new contract with
a global packaging company, worth approximately €1 million over
three years.
The agreement, with a new client, utilises both
Smarttech247's VisionX platform as well as NoPhish, underscoring
their versatility and advanced capabilities. VisionX is
Smarttech247's flagship AI-enhanced Managed
Detection and Response (MDR) platform, designed to safeguard
both Information Technology (IT) and Operational Technology (OT)
infrastructures and its NoPhish email security tool offers instant
feedback to the user based on analysis algorithms to evaluate the
content and legitimacy of reported emails. In an era where the
convergence of IT and OT systems is increasingly critical for
industrial and manufacturing sectors, this partnership represents a
strategic and forward-thinking approach to cybersecurity.
The VisionX MDR platform leverages sophisticated AI
and machine learning algorithms to offer real-time threat
detection, rapid incident response, and continuous monitoring
whilst NoPhish takes proactive measures by automatically removing
emails from the user's inbox which are deemed suspicious or
malicious. By extending its protection to both IT and OT domains as
well as emails, these platforms ensure our clients are guarded
against diverse and evolving cyber threats across all digital
touchpoints.
Raluca Saceanu, CEO
of Smarttech247, commented:
"We are delighted to win this new contract, which
serves as a strong endorsement for both our AI-enhanced VisionX MDR
platform's capability and our NoPhish email security tool to secure
both IT and OT environments.
"This collaboration ensures our client will have a
robust defence mechanism for its extensive digital operations,
encompassing everything from corporate data to critical operational
processes and email security.
"This agreement with a new client is a significant
milestone for us and we remain committed to supporting all our
existing and new clients on their journey towards a secure and
resilient digital infrastructure."
- Ends -
For further
information please contact:
Smarttech247 Group PLC
|
Tel: +353
21 206 6033
|
Ronan Murphy, Executive
Chairman
Raluca Saceanu, Chief Executive
Officer
Nicholas Lee, Finance Director
|
|
SPARK Advisory Partners Limited - Nominated
Adviser
|
Tel: + 44
(0) 20 3368 3550
|
Mark Brady / Adam Dawes
|
|
Shard Capital - Joint Broker
|
Tel: +44
(0) 20 7186 9900
|
Damon Heath
|
|
Fortified Securities - Joint Broker
|
Tel: +44
7493 989014
|
Guy Wheatley, CFA
|
|
Yellow Jersey PR
Sarah Hollins / Annabelle Wills /
Bessie Elliot
|
Tel: +44
(0) 20 3004 9512
|
About Reach
announcements
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About
Smarttech247
Smarttech247 is a multi-award winning automated MDR
(Managed Detection & Response) company. Its platform is trusted
by international organisations and provides threat intelligence
with managed detection and response to provide actionable insights,
24/7 threat detection, investigation and response.
The Group's services are geared towards proactive
prevention and it achieves this by utilising the latest in cloud,
big data analytics and machine learning, along with an experienced
incident response team. In recognition of its innovative
technology, Smarttech247 was named by Chambers Ireland InBusiness
Recognition Awards as Cyber Security Company of the Year 2023.
Smarttech247's offices are located in Ireland, United
Kingdom, Romania, Poland and the USA. The Company was admitted to
trading on AIM on 15 December 2022.
For further information please visit www.smarttech247.com