TIDMSWG

Shearwater Group PLC

27 March 2020

RNS Reach

27 March 2020

SHEARWATER GROUP PLC

Contract Win

Shearwater Group plc, the organisational resilience group, announces that its group company, GeoLang, has won a new three-year contract worth circa GBP0.2 million in aggregate with a leading global medical and research development organisation, specialising in oncology and DNA / RNA sequencing.

Under the terms of the contract GeoLang will provide the organisation with Cloud Data Loss Prevention ("DLP") as well as Data Discovery and extraction solutions that cross the boundaries between Office 365, Box and Confluence.

While there are many tools on the market that offer network DLP, these tools will often have gaps in the cloud solutions that they protect with no true endpoint visibility. GeoLang is able to provide agile development capabilities, connecting the dots that extend its Ascema DLP and Data Discovery platform to offer real time discovery and protection of sensitive data and IP across legacy and disparate enterprise systems.

Phil Higgins, Chief Executive Officer of Shearwater, commented:

"This is a great contract win for GeoLang. To be partnering with a prestigious organisation specialising in highly regulated and complex fields including human genomics, cancer research and microbiology, is a great reflection of the capability of GeoLang's patented software in mitigating risk and the loss of invaluable data and information.

"It is also pleasing to see the benefit of the investments made in developing GeoLang's proprietary software suite gaining traction as the business begins to scale."

Enquiries:

 
 Shearwater Group plc                  c/o Instinctif Partners 
  David Williams, Chairman 
  Phil Higgins, Group CEO 
 Instinctif Partners                   shearwater@instinctif.com 
  Adrian Duffield / Chantal Woolcock    +44 (0) 20 7457 2815

About Shearwater Group plc

Shearwater Group plc is an award-winning organisational resilience group that provides cyber security, advisory and managed security services to help assure and secure businesses in a connected global economy.

The Group's comprehensive cyber security solutions and services maintain trust between users, provide assurance around the protection of information assets and critical infrastructure, and support organisations' operational effectiveness. Its capabilities include identity and access management and data security, cyber security solutions and managed security services, and security governance, risk and compliance.

The Group is headquartered in the UK with offices in the US, UK and Europe, serving customers across the globe who are active in a broad spectrum of industries.

Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.

About GeoLang

GeoLang delivers data discovery and data loss prevention solutions, services and technologies to discover, classify and protect sensitive data and information in the cloud and on-premise. For more information, please visit www.geolang.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.

END

NRAKKABNABKDANB

(END) Dow Jones Newswires

March 27, 2020 03:00 ET (07:00 GMT)

Shearwater (LSE:SWG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Shearwater Charts.
Shearwater (LSE:SWG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Shearwater Charts.