First sale of the new STREAM® Cloud platform

Acuity RM Group plc (AIM: ACRM), the software group specialising in the cybersecurity sector of the Governance, Risk and Compliance ("GRC") market, announces the first sale of its new STREAM® Cloud multi-tenant platform, to a leading provider of funeral services operating throughout the UK (the "Customer").

The client is using STREAM® Cloud to comply with a well-known security framework, and digitise its existing, bespoke risk management processes.

Reasons for purchase

The Customer's decision to adopt STREAM® Cloud was driven by two capabilities of the platform:

• the implementation of specialised per-asset renewal control assessments and risk-weighted control performance; and
• reporting and dashboard functionality that aggregates asset data into unified per-control summaries, rather than requiring each control/asset combination to be viewed separately, giving the Customer executive-level visibility of its cyber risk profile.

This is the first customer instance of STREAM® Cloud to be sold since the platform's launch.

David Rajakovich, Chief Executive of Acuity RM Group plc, commented:

"This first sale of STREAM® Cloud represents a milestone in our company's development. With the coming increase in our sales and marketing investment following the Company's recent equity fundraise, the Board views this win as an early indicator of the potential success this product can deliver. STREAM® Cloud broadens the range of sectors we are able to address, and the Board expects the additional resource now in place to support further sales of the platform over the coming periods."