Contract
Acuity RM Group plc has secured a new three-year contract with the British Government valued at £178,497, with £70,499 in the first year for licenses and services. This new business comes from an existing customer and represents an expansion of their cyber-security software platform, STREAM®, into a new division of the organization. The company sees potential for substantial upsells and further contract growth from this new user, highlighting the value delivered by their configurable risk management solutions.
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software platform for the Governance, Risk and Compliance ("GRC") market, together with associated consultancy services, is delighted to announce that it has won a new contract.
The end user is a new part of a long-standing customer.
This is a three year contract with the British Government which has a total value of £178,497. The value in the first year is £70,499 comprising licences and services, with licence fees in the following years.
David Rajakovich, Chief Executive, said "We are delighted to be able to announce this client win. We are grateful for the opportunity to expand our protection of the British Government from the ever-increasing cyber threat landscape. STREAM
's configurability enables our clients to implement their own cyber risk management processes at scale whilst also benefitting from our world class expertise. This new user is part of a large organisation with the potential for substantial upsells.
The Board notes that once an end user starts to experience the value we deliver, it often leads to new opportunities for new and larger contracts."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.