9th Jan 2020 11:14
(Alliance News) - ECSC Group PLC said Thursday it has secured five major contract wins across a range of sectors, with a combined revenue value in excess of GBP750,000.
ECSC shares were up 18% in London at 148.00 pence each on Thursday.
The cyber security services provider said this revenue will be recognized throughout the duration of the contracts which vary between one and three years.
The company did not disclose the names of the clients.
The largest contract is to provide 24/7/365 cyber security monitoring and breach detection services, following ECSC''s response to a major security incident within a chemical company. The managed solution utilises ECSC's Kepler Artificial Intelligence, managed from company's operations centres in the UK and Australia.
Also, using the same Kepler Artificial Intelligence technology, the next three contracts include a two year renewal from a household name in the retail sector, a new three year contract with an IT services company and a one year contract extension with a financial services organization, ECSC said.
The final contract is a cyber security testing programme for a new client providing mobile payment solutions, the company added.
Ian Mann, chief executive officer, said: "Following the new 2019 General Data Protection Regulation fines, clients are increasingly recognizing the need for cyber security services."
"Our strategy of wining consultancy clients, and developing them into long - term recurring manged services clients continues to be effective," Mann added.
By Loreta Juodagalvyte; [email protected]
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