TIDMS247
RNS Number : 8457J
Smarttech247 Group PLC
21 August 2023
21 August 2023
Smarttech247 Group PLC
("Smarttech247", the "Group" or the "Company")
Strategic Partnership Agreement and Contract Win
Smarttech247 announces a strategic partnership with Abnormal
Security to bring AI-powered email security to Europe, which has
already resulted in a contract win with a global aviation
organisation.
Smarttech247, a multi-award-winning provider of AI-enhanced
cybersecurity services providing automated managed detection and
response for a portfolio of international clients, is pleased to
announce a strategic partnership agreement with Abnormal Security,
a leading behavioural AI-based email security platform.
Smarttech247 and Abnormal Security will work closely together,
combining cloud-based behavioural AI to stop the full spectrum of
modern email attacks, including business email compromise, vendor
and invoice fraud, advanced credential phishing and more. The first
notable win as a result of this partnership is a multi-year
contract worth nearly EUR400k, over two years, with a global
organisation within the aviation industry sector.
Unlike traditional secure email gateways, Abnormal Security
takes a different approach to stopping email attacks. The
cloud-native API architecture ingests thousands of signals across
multiple platforms to build a baseline of the known-good behaviour
of every employee and vendor in an organisation based on
communication patterns, sign-in events and thousands of other
attributes. It then applies advanced AI models including natural
language processing ("NLP") and behavioural analytics to detect
abnormalities in email behaviour that indicate a potential threat
and prevent attacks from reaching end users.
Abnormal Security will be integrated into Smarttech247's
comprehensive managed detection and response ("MDR") service,
VisionX, to provide a unified and proactive security solution. The
platform combines real-time threat monitoring, rapid incident
response and advanced analytics to protect clients from cyber
threats.
Raluca Saceanu, Chief Executive Officer of Smarttech247,
commented:
"Our partnership with Abnormal Security underscores our
commitment to delivering more advanced cybersecurity solutions to
both existing and new customers. We are also pleased to announce
our first contract win, as a result of this partnership, with a
significant global company in the aviation sector.
"We are looking forward to working closely together to help
prevent cyberattacks for our customers by enhancing cloud email
protection."
Stevie Dennis, Channel Manager of EMEA Alliances at Abnormal
Security, commented:
"The team at Smarttech247 has a strong understanding of what
their customers need and are able to navigate them through the
thousands of security offerings in the market to find the right
solution.
"Working with Smarttech247 over the past few months has been a
great experience. Their long-standing and trusted relationships
with their clients means that we've been able to turn technical
champions into business advocates within four weeks of the first
meeting. We are confident that this will be a very successful
partnership and look forward to continuing to grow it throughout
Europe."
- Ends -
For further information please contact:
Smarttech247 Group PLC Tel: +353 21 206
6033
Ronan Murphy, Executive Chairman
Raluca Saceanu, Chief Executive Officer
Nicholas Lee, Finance Director
SPARK Advisory Partners Limited - Nominated Tel: + 44 (0) 20
Adviser 3368 3550
Mark Brady / Adam Dawes
Shard Capital - Joint Broker Tel: +44 (0) 20
7186 9900
Damon Heath
Fortified Securities - Joint Broker Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Tel: +44 (0) 20
3004 9512
Sarah Hollins / Annabelle Wills / Bessie
Elliot
About Smarttech247
Smarttech247 is a multi-award winning automated MDR (Managed
Detection & Response) company. Its platform is trusted by
international organisations and provides threat intelligence with
managed detection and response to provide actionable insights, 24/7
threat detection, investigation and response.
The Group's services are geared towards proactive prevention and
it achieves this by utilising the latest in cloud, big data
analytics and machine learning, along with an experienced incident
response team. In recognition of its innovative technology,
Smarttech247 was named by Chambers Ireland InBusiness Recognition
Awards as Cyber Security Company of the Year 2023.
Smarttech247's offices are located in Ireland, United Kingdom,
Romania, Poland and the USA. The Company was admitted to trading on
AIM on 15 December 2022.
For further information please visit www.smarttech247.com
About Abnormal Security
Abnormal Security provides the leading behavioural AI-based
email security platform that leverages machine learning to stop
sophisticated inbound email attacks and dangerous email platform
attacks that evade traditional solutions. The anomaly detection
engine leverages identity and context to analyse the risk of every
cloud email event, preventing inbound email attacks, detecting
compromised accounts, and remediating emails and messages in
milliseconds-all while providing visibility into configuration
drifts across your environment. You can deploy Abnormal in minutes
with an API integration for Microsoft 365 or Google Workspace and
experience the full value of the platform instantly, with
additional protection available for Slack, Teams, and Zoom. More
information is available at abnormalsecurity.com .
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END
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