Reach Announcement

15 January 2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Launches VisionX for Mid-Market

Solution designed to protect mid-sized businesses from cyber threats

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 the launch of its Mid-Market Managed Detection and Response (MDR) solution as part of VisionX.

VisionX is Smarttech247's MDR platform which provides around-the-clock security orchestration. This latest solution is specifically designed to protect mid-sized businesses (companies of 50 to 2,000 employees) from the ever-evolving cyber threats faced by all companies. The product combines proprietary AI technology with a 24/7 incident response team including annual cyber readiness exercises and reporting.

Forrester Consulting estimates that the VisionX product can provide customers with more than 300% ROI within six months.

Raluca Saceanu, CEO of Smarttech247, commented:

"With this launch, Smarttech247 is extending its robust cybersecurity framework to wider markets, whilst also contributing to the overall resilience of the digital economy as mid-sized businesses, who often lack resources, can now benefit from the same level of security which is often only available to larger enterprises.

"Our newest solution will allow our existing and new mid-sized customers to access cybersecurity capabilities without the need to invest in expensive technologies to set up their own Security Operations Centre as we continue to invest in our goal of democratising advanced cyber security solutions."

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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