Falanx Group Limited Strategic Contract Win (4113Z)
18 September 2020 - 4:00PM
UK Regulatory
TIDMFLX
RNS Number : 4113Z
Falanx Group Limited
18 September 2020
FALANX GROUP LIMITED
("Falanx", the "Group" or the "Company")
Strategic Contract Win
Falanx Group Limited, the AIM listed (FLX.L) provider of cyber
security and strategic intelligence services, is pleased to
announce a new contract for its Cybersecurity monitoring services
using its recently launched Triarii Managed Detection and Response
("MDR") platform to a Managed Services Provider ("MSP") based in
the US.
The deal followed an accelerated sales cycle, in conjunction
with Falanx's partnership with SolarWinds MSP which is part of
SolarWinds Inc, a worldwide leader in solutions for network and IT
service management, application performance, and managed services.
While initial revenues are not yet material, as the contract
currently only covers a limited number of devices, there is the
potential for this to grow significantly with the addition of
further devices and services.
This contract represents the first sale of a new and additional,
Managed Endpoint Detection and Response ("EDR") service which
enables our Security Operation Centre ("SOC") to sit behind
SentinelOne EDR software. This combination delivers a truly
flexible EDR offering to MSPs globally combined with the ability of
Triarii to adapt to multiple user needs.
The Board of Falanx considers that there is potential for future
additional sales of Triarii though SolarWinds' Technology Alliance
Program ("TAP").
Mike Read, CEO of Falanx commented that, "This is an important
strategic win for Falanx Cyber, offering validation at multiple
levels. It is further customer and industry validation of Triarii
MDR as an important cybersecurity offering for our customers and
the flexibility of our new SentinelOne SOC service. It is also our
first US-based MSP from the SolarWinds community to sign up to our
services."
Enquiries:
Falanx Group Limited Via IFC
Alex Hambro Chairman
Mike Read CEO
Ian Selby CFO
Stifel Nicolaus Europe Limited,
Nomad and Joint Broker
Alex Price / Fred Walsh + 44 (0) 207 710 7600
Turner Pope Investments (TPI) Limited,
Joint Broker
Andy Thacker/Zoe Alexander +44 (0) 20 3657 0050
IFC Advisory Ltd, Financial PR
& IR
Graham Herring / Zach Cohen +44 (0) 203 934 663
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence
provider working with blue chip and government clients. For more
information: http://www.falanx.com/
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTKKFBNPBKKOCD
(END) Dow Jones Newswires
September 18, 2020 02:00 ET (06:00 GMT)
Falanx (LSE:FLX)
Historical Stock Chart
From Apr 2024 to May 2024
Falanx (LSE:FLX)
Historical Stock Chart
From May 2023 to May 2024