Announcement
Smarttech247 Group PLC - Multi-Year Framework Agreement with London Airport
RNS Number : 7874D
Smarttech247 Group PLC
07 April 2025
07 April 2025
Smarttech247 Group PLC
("Smarttech247", the "Group" or the "Company")
Smarttech247 awarded Multi-Year Framework Agreement with Major London Airport
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 it has been appointed to a multi-year cybersecurity framework agreement (the "Agreement") with a major international airport in London.
The Agreement has a total potential value of up to £7 million across all four suppliersover its five-year term, with a further one-year extension available. While the Agreement does not guarantee minimum spend, it establishes Smarttech247 as a trusted provider to one of the UK's most high-profile transport hubs, offering a significant opportunity to generate meaningful revenues over the life of the agreement.
Each order under the Agreement will be subject to a separate call-off contract and governed by the framework's standard terms and conditions. The Agreement also provides a flexible mechanism for the customer to procure cybersecurity services from Smarttech247 as needed, including the Company's flagship VisionX platform.
Under the terms of the Agreement, Smarttech247 will be eligible to provide services and solutions under several categories, which include:
· Cybersecurity Support Services -including 24/7 managed detection and response services, firewall maintenance, endpoint and XDR management, dark web monitoring and cybersecurity assessments.
· Cybersecurity Products -advanced email protection, endpoint detection and response technologies and related licencing.
· Security Information and Event Management (SIEM) -next-generation SIEM, internal pen testing, threat intelligence, data discovery and vendor security assessment tools.
Raluca Saceanu, CEO of Smarttech247, commented:
"We are delighted to have been selected for this prestigious framework with one of the UK's busiest international airports. Being selected as one of its preferred suppliers for critical cybersecurity requirements further validates our strong capabilities in managed detection and response, and our ability to support complex, critical infrastructure environments.
"This win reflects the Group's continued execution against its strategy to grow through high-value, long-term engagements with critical national infrastructure clients. It is also a significant opportunity for us to potentially deliver cybersecurity services in a highly regulated and high-security setting over the coming years."
- Ends -
*Smarttech247 is a recognised vendor in 2024 Gartner® Market Guide for Managed Detection and Response.
For further information please contact:
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Smarttech247 Group PLC |
Tel: +353 21 206 6033 |
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Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director |
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SPARK Advisory Partners Limited - Nominated Adviser |
Tel: + 44 (0) 20 3368 3550 |
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Mark Brady /Angus Campbell |
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Cavendish Capital Markets Limited - Corporate Broker |
Tel: +44 (0) 7220 0500 |
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Marc Milmo / Hamish Waller Tim Redfern / Sunila de Silva - Broking |
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Yellow Jersey PR Charles Goodwin / Annabelle Wills / Bessie Elliot |
Tel: +44 (0) 20 3004 9512
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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.
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 visitwww.smarttech247.com
*Gartner disclaimers
Market Guide for Managed Detection and Response, 24 June 2024, Pete Shoard, Andrew Davies, Mitchell Schneider, Angel Berrios, Craig Lawson.
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