Drumz Plc Update on Investee
05 July 2022 - 4:56PM
UK Regulatory
TIDMDRUM
This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue
of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.
5 July 2022
Drumz plc
('Drumz' or the 'Company')
Update on investee company - Acuity Risk Management
The directors of Drumz plc are delighted that its investee company, Acuity Risk
Management Ltd ("Acuity"), has completed its financial year to 31 March 2022
with a c.30% increase in revenues to £1,552,000.
In the final quarter of the year there were significant new business wins for
Acuity from a major global broadcaster, a leading information provider, and a
German software company which operates world-wide.
The first quarter of the current financial year to 31 March 2023 shows strong
growth in the value of orders won compared to the first quarter last year.
Gartner Peer Insights, a peer-driven ratings and reviews platform for
enterprise IT solutions and services, in June 2022 has rated Acuity's STREAM a
4.8 out of 5.0 and as one of the top two Cyber Risk products.
In June 2022 G2.com, the world's largest and most trusted tech marketplace for
software, named Acuity (1) a Leader in 'IT Risk Management Software', (2) High
Performer in 'Audit Management Software' and (3) number two for Quality of
Support.
Simon Marvell, founder and CEO of Acuity commented: "Acuity is very proud to
get this recognition from G2.com".
Angus Forrest chief executive of Drumz said: "Acuity's work on new strategies
to drive expansion has clearly begun to take effect and there should be a
material increase in the rate of growth of revenues in the current year."
For further information please
contact:
Drumz Plc www.drumzplc.com
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 020 7220 1666
Peterhouse Capital Limited (Joint
broker)
Lucy Williams / Duncan Vasey 020 7469 0936
END
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