Shearwater secures £2.3m in contract wins

(Sharecast News) - Cybersecurity services firm Shearwater Group said on Friday that it has secured £2.3m in contract wins, including a "significant services contract" with a "leading global financial services provider". Shearwater said the £1.5m services contract, secured via portfolio company Brookcourt Solutions, will see the group deliver an Advanced Email Encryption Managed Service Platform, offering the client a solution to safeguard sensitive communications and "significantly enhance its cybersecurity posture".

The AIM-listed group added that its latest win followed on from a number of smaller services contract wins in the past week, which have a total value of £800,000 and span diverse end markets.

Shearwater highlighted that momentum was continuing to build through H2, supporting the group's ability to deliver full-year results in line with market expectations.

As of 1000 GMT, Shearwater shares were up 1.33% at 38.0p.







Reporting by Iain Gilbert at Sharecast.com