ECSC Group PLC Managed Services Contract Wins
16 April 2019 - 4:01PM
RNS Non-Regulatory
TIDMECSC
ECSC Group PLC
16 April 2019
16 April 2019
ECSC Group plc
("ECSC" or the "Company" or the "Group")
Managed Services Contract Wins
ECSC (AIM: ECSC), the provider of cyber security services, is
pleased to announce three further new managed services contract
wins with two household name retailers (with a combined revenue of
over GBP2.5bn) and a technology services provider.
The contracts on a combined basis will generate in excess of
GBP400,000 in revenue over a three-year period, representing an
increase of more than 15% to the Managed Services order book. These
wins underpin current Board expectations for the year in this
division.
The largest contract is to provide 24/7/365 cyber security
monitoring and breach detection. The solution utilises ECSC's
proprietary Kepler Artificial Intelligence, managed from the Group
Security Operations Centres in the UK and Australia.
The second contract is to provide cyber security breach
protection using ECSC's proprietary Titania Web Application
Firewall (WAF) technology, designed to block hacking attacks that
pass through traditional firewall protection.
The third contract is to provide expertise and configuration
management for a WAF service which is supplied by the client's
cloud hosting provider.
Two of the three contracts are new Managed Service contracts for
existing Consultancy service clients, and the third is a new
service for an existing Managed Service client.
Ian Mann, Chief Executive Officer of ECSC, commented:
"We are delighted to add two new significant long-term Managed
Services clients, and further expand our engagement with an
existing client supporting a new technology project. These contract
wins demonstrate the effectiveness of our client acquisition
strategy, delivering effective Consulting, leading to long-term
recurring revenues through Managed Services."
Enquiries:
ECSC Group plc
David Mathewson, Non-Executive Chairman
Ian Mann, Chief Executive Officer +44 (0) 1274 736 223
Allenby Capital (Nominated Adviser and Broker)
David Hart
Nicholas Chambers +44 (0) 203 3285 656
Alma PR (Financial PR)
Susie Hudson
Hilary Buchanan
Josh Royston +44 (0) 20 3405 0205
For more information please visit the following:
https://investor.ecsc.co.uk/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRALLFVRSDIELIA
(END) Dow Jones Newswires
April 16, 2019 02:01 ET (06:01 GMT)
Ecsc (LSE:ECSC)
Historical Stock Chart
From Apr 2024 to May 2024
Ecsc (LSE:ECSC)
Historical Stock Chart
From May 2023 to May 2024
