4th Oct 2021 10:54
(Alliance News) - Falanx Group Ltd on Monday announced the launch of a new cybersecurity product aiming to assess the risk of businesses being digitally attacked or breached.
Shares leapt up almost one fifth following the announcement, rising 19% to trade at 1.25 pence per share in London.
The provider of cybersecurity and strategic intelligence services said the product, named Falanx: Cyber Exposure Level, will form an important part of its service offering risk assessment analysis to businesses.
The product is sold on a subscription basis and is consequently expected to generate high recurring revenues, Falanx highlighted. Various large customers have already expressed their interest in purchasing f:CEL, the company added.
"Falanx Cyber has developed a mass-market, technology that will perform an objective and repeatable cybersecurity risk assessment on businesses. We believe this is an ongoing requirement for companies, of all sizes, in order to maintain a robust resilience against cyber threats," commented Chief Executive Mike Read.
"f:CEL is affordable and easily accessible for all sizes of business and can be deployed via larger partners."
By Will Paige; [email protected]
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