Purchase order under Smarttech 247 contract win

RNS Announcement

RNS Number : 3934D

RiverFort Global Opportunities PLC

29 June 2021

RiverFort Global Opportunities plc

("RGO" or the "Company")

€6 million purchase order for Smarttech247 from major contract win

On 23 June 2021, RGO announced that its investee company, Smarttech247 had been awarded a multi-year contract for managed cyber security services by a Fortune Global-1000 advanced manufacturing company, employing over 100,000 staff. RGO is now pleased to announce that Smarttech247, has just been awarded a purchase order under this contract to the value of €6 million for plant level operational technology ("OT") cyber security services.

OT is hardware and software that detects or causes a change through the direct monitoring and /or control of physical devices, processes and events in an enterprise. OT is common in industrial control systems.

As part of the contract, Smarttech247, will manage, advise and implement security measures and controls that aim to improve the prevention, detection, migration and response capabilities for OT systems as well as aligning them with regulatory requirements.

Smarttech247 is a global artificial intelligence ("AI") based cyber security cloud business that protects enterprises as they migrate to cloud-based IT operations. Smarttech247 has over 100 technology partners, including Tanium and Crowdstrike, and 50 clients based in Europe and the US.

More information on Smarttech247 can be found on its website at https://www.smarttech247.com/.

Philip Haydn-Slater, Non-executive Chairman of RGO, said:

"This is a tremendous development for Smarttech so soon after winning this major contract."

For more information please contact:

RiverFort Global Opportunities plc		+44 20 3368 8978
Philip Haydn-Slater, Non-executive Chairman
Nicholas Lee, Investment Director

Nominated Adviser		+44 20 7628 3396
Beaumont Cornish
Roland Cornish/Felicity Geidt


Joint Broker		+44 20 7562 3351
Peterhouse Capital Limited
Lucy Williams

Joint Broker		+44 20 7186 9950
Shard Capital Partners LLP
Damon Heath/ Erik Woolgar

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RNS metadata

Title: Purchase order under Smarttech 247 contract win
Time: 07:00:05
Date: 29 Jun 2021
Category: Corporate updates
ID: 3934D