27th Mar 2020 14:46
(Alliance News) - Shearwater Group PLC on Friday said its subsidiary GeoLang has won a new three-year contract worth GBP200,000 in aggregate.
The company explained that the deal was secured with an undisclosed medical and research development organisation, specialising in oncology and DNA/RNA sequencing.
Under the terms of the contract, GeoLang will provide the unnamed client with cloud data loss prevention and data discovery & extraction solutions that cross the boundaries between Office 365, Box and Confluence.
"To be partnering with a prestigious organisation specialising in highly regulated and complex fields including human genomics, cancer research and microbiology, is a great reflection of the capability of GeoLang's patented software in mitigating risk and the loss of invaluable data and information," said Shearwater Chief Executive Phil Higgins.
"It is also pleasing to see the benefit of the investments made in developing GeoLang's proprietary software suite gaining traction as the business begins to scale," added Higgins.
AIM-listed Shearwater shares were trading 2.1% lower in London on Friday at 200.70 pence each.
By Evelina Grecenko; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Shearwater