22nd Apr 2024 14:34
(Alliance News) - Acuity RM Group PLC on Monday said it launched Storm, a counterterrorism risk management product, at a reception held at the UK House of Commons.
The London-based risk management company, which provides services via its Stream software platform, said the launch will help tackle a "global and growing issue", citing that the UK was the "third most impacted country in Europe" in 2021.
Acuity RM said this led to several UK government initiatives, including Protect Duty, also known as Martyn's Law.
The law will require a range of assessments to be carried out together with "appropriate" risk management measures, Acuity RM said, which will "impact all large events including sports venues, festivals, theatrical, and tourist attractions expected to attract more than 100 people".
Acuity RM said use of Storm "covers all the key elements to fully comply with Protect Duty".
"With the increasing global threat of terrorism, it has never been more important for organisations to proactively manage their security risks and ensure the safety of their stakeholders," said Acuity RM Chief Executive Officer Kerry Chambers.
"Storm addresses this fast emerging market driven by best practice and the proposed Protect Duty legislation. Acuity brings its experience of complex risk management and support the creation of safer, more secure environments for all."
Shares in Acuity RM were down 1.3% to 3.70 pence each in London on Monday afternoon.
By Greg Rosenvinge, Alliance News senior reporter
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