logo-loader
viewECSC Group PLC

ECSC Group PLC - Managed Services & Consulting Major Contract Wins

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 £750,000.  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)

+44 (0) 1274 736 223

Allenby Capital (Nominated Adviser and Broker)
David Hart
Nicholas Chambers

+44 (0) 203 3285 656

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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
CNTSSLEFAESSEDF

Quick facts: ECSC Group PLC

Price: 112.5

Market: LSE
Market Cap: £10.24 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

ECSC Group pleased with strong recovery in consulting growth

ECSC Group PLC's (LON:ECSC) Ian Mann caught up with Proactive London's Andrew Scott to discuss their interim results to June 2019. The firm narrowed its losses in the first half, while sales in its consulting arm continued to grow into the second half. Mann says they've seen record levels...

on 11/9/19