Reach Announcement

25 June 2024

Smarttech247 Group PLC

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

Smarttech247 recognised in Gartner's Market Guide for Managed Detection and Response Services

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 been included in the Market Guide for Managed Detection and Response ¹ produced by Gartner, a leading research and advisory company. The yearly report has become the recognised industry guide for buyers considering managed detection and response ("MDR") service providers.

Gartner's report emphasises the importance of human led MDR, speed and service predictability and the need to go beyond reactive security measures with proactive threat hunting and exposure management.  These all align with Smarttech247's offerings.

Smarttech247's technology agnostic VisionX platform using AI, via Aio, its AI Assistant, integrates advanced security technologies with expert human analysis, ensuring comprehensive threat detection and response capabilities tailored to business-driven risk requirements. 

Smarttech247 excels in providing MDR services that are quick to deploy and operate, with its high-touch support organisations accelerate their security operations capabilities without compromising on effectiveness. 

Smarttech247's MDR offering goes beyond reactive measures by integrating proactive threat hunting and exposure management with a data-centric approach, thereby enhancing overall cyber resilience and efficiency.

Raluca Saceanu, CEO of Smarttech247, commented:

"We are delighted to be named as a representative vendor for MDR in Gartner's latest report. As the report recognises, the global MDR market is estimated to be worth USD 4.1 billion in 2024 and is projected to reach USD 11.8 billion by 2029, a CAGR of 23.5%. Here at Smarttech247 we recognise this and continue to evolve and adapt our MDR platform, VisionX, to keep ahead of cyber threats, ensuring our clients have effective mitigation and threat detection at all levels."

-Ends -

¹ Gartner Market Guide for Managed Detection and Response Services, Pete Shoard, Andrew Davies, Mitchell Schneider, Angel Berrios, Craig Lawson. 24 June 2024

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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 technologies, 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 the London Stock Exchange on 15 December 2022.

For further information please visit www.smarttech247.com