Reach Announcement

25 April 2024

Smarttech247 Group PLC

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

Smarttech247 Signs New Three-Year Contract with Prominent Financial Organisation

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 that it has signed a new contract with a large banking and insurance organisation, worth €720,000 over three years.

The contract encompasses both Smarttech247's VisionX Managed Detection and Response (MDR) capability as well as its customised governance, risk, and compliance (GRC) services. Smarttech247 will offer its client round-the-clock monitoring and rapid incident response, information security and risk capabilities, as well as data loss prevention (DLP) solutions to ensure regulatory compliance and protection against imminent cyber threats.

Raluca Saceanu, CEO of Smarttech247, commented:

"We are delighted to announce our most recent contract win with a prominent financial organisation. At Smarttech247, we aim to be a partner to our clients, rather than just a supplier, and as part of this strategy, we are dedicated to ensuring our clients receive high-quality, flexible security services.

"We are committed to providing leading MDR, DLP and GRC services, and we look forward to working closely with our new client to help protect it from complex cyber threats."

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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.