Pires Investments PLC Smarttech247 Group PLC - Investee Company Update
11 October 2023 - 5:00PM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
11 October 2023
11 October 2023
Pires Investments plc
("Pires" or the "Company")
Smarttech247 Group PLC - Investee Company Update
Pires Investments plc (AIM: PIRI), the company focused on next
generation technology, notes the announcement by its portfolio
company, Smarttech247 Group PLC ("Smarttech247"), that it has
entered into a strategic partnership with cybersecurity giant,
Splunk Inc ( NASDAQ: SPLK ).
Splunk Inc., a cybersecurity and observability leader, helps
make organisations more digitally resilient. Businesses use
Splunk's unified security and observability platform to keep
digital systems secure and reliable. Cisco Systems, Inc recently
announced the intended acquisition of Splunk for around $28 billion
to form one of the world's largest software companies.
The partnership with Splunk brings together Smarttech247's
automation-driven and human-led VisionX managed detection and
response (MDR) capabilities and Splunk's powerful SIEM technology
solutions, creating a dynamic synergy that addresses the evolving
needs of the changing threat landscape and delivers comprehensive
solutions to drive security efficiencies.
This development follows on from the previous week's
announcement by Smarttech247 of a new contract with an existing
Government of Ireland Department client worth around EUR400,000
over 2 years and a contract extension for another 3 years with
another existing client, Auto Nation, the largest car retailer in
the United States.
Nicholas Lee, Director at Pires Investment Plc, commented:
"The partnership between Smarttech247 and Splunk Inc. clearly
demonstrates Smarttech247's progressive approach to cybersecurity
and is further evidence of the progress that the company is making
in the cybersecurity sector."
Enquiries:
Pires Investments plc
Nicholas Lee, Director Tel: +44 (0) 20 3368 8961
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Lucy Williams/Duncan Vasey
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is a company providing
investors with access to a portfolio of next-generation technology
businesses focused on AI with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive Technologies
and Big Data, which the Board believes demonstrate evidence of
traction and the potential for exponential growth, due to
increasing global demand for development in these sectors.
For further information, visit:
https://piresinvestments.com/
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END
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