Company Announcements

Reach Announcement

1 August 2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Signs Three-Year Contract

Smarttech247 (AIM: S247), 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 that it has signed a three-year contract, worth €860,000, with an Irish public sector agency, with the potential to extend the contract for a further two years.

As a local government authority in Ireland, Smarttech247's newest client functions as a public sector agency responsible for the administration and governance of one of Ireland's significant regions. As a public sector entity, it plays a role in implementing local policies, managing public resources, and ensuring the welfare of the residents within its jurisdiction, meaning it's crucial it has access to comprehensive cybersecurity protection.

Smarttech247 will provide the agency with a range of security solutions including access to Smarttech247's 24/7 security operations centre, incident response drills that are designed to test and improve an organisation's response to cybersecurity incidents, and conducting external vulnerability tests, all while assisting in implementing new projects and initiatives securely.

Raluca Saceanu, CEO of Smarttech247, commented:

"We are thrilled to partner with a public sector agency to enhance their cybersecurity defences. Recognising the critical importance of robust cybersecurity for public sector agencies, we are committed to helping them safeguard its essential services and valuable data. Our comprehensive suite of security activities, such as penetration testing and governance, risk, and compliance audits, will ensure the agency is well-protected and capable of combating a wide range of security threats."

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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 technologies, 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 the London Stock Exchange on 15 December 2022.

For further information please visit www.smarttech247.com