New Contract Win
Acuity RM Group plc has secured a new software agreement with a prime defence contractor to deploy its STREAM® Classic platform for a significant international defence program, generating annual recurring revenue exceeding £100,000. This on-premises deployment aligns with defence sector security requirements, and the Group anticipates a related services agreement for implementation and configuration soon. Acuity is actively engaged in discussions with other prime defence contractors involved in the same program, expressing optimism for further STREAM® platform and services agreements.
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Acuity (AIM: ACRM), the software group focused on cybersecurity risk management, is pleased to announce that it has entered into a new software agreement with a prime defence contractor to deploy its STREAM® Classic platform in support of the contractor's participation in a significant international defence-related programme.
Under the agreement, the Group will provide two on-premises instances of its STREAM® Classic platform generating annual recurring revenue in excess of £100,000. A separate but related services agreement for implementation and configuration work is expected in the near future.
The software agreement will be delivered through on-premises installation, consistent with the security requirements of defence-sector deployments.
David Rajakovich, Chief Executive commented:
"Defence is already the Group's biggest industry sector, and this contract sees STREAM® Classic deployed by a prime defence contractor in support of a significant international defence-related programme, an environment where the configurability provided our STREAM® platform is directly relevant. The programme is the subject of national media coverage.
The Group is in active discussions with the other prime defence contractors involved in this programme, and the Board is hopeful that further STREAM® platform software and services agreements will be secured."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.