ECSC Group PLC – Managed Services Contract Wins

ECSC Group PLC – Managed Services Contract Wins

ECSC (AIM: ECSC), the provider of cyber security services, is pleased to announce three further new managed services contract wins with two household name retailers (with a combined revenue of over £2.5bn) and a technology services provider.

The contracts on a combined basis will generate in excess of £400,000 in revenue over a three-year period, representing an increase of more than 15% to the Managed Services order book. These wins underpin current Board expectations for the year in this division.

The largest contract is to provide 24/7/365 cyber security monitoring and breach detection. The solution utilises ECSC’s proprietary Kepler Artificial Intelligence, managed from the Group Security Operations Centres in the UK and Australia.

The second contract is to provide cyber security breach protection using ECSC’s proprietary Titania Web Application Firewall (WAF) technology, designed to block hacking attacks that pass through traditional firewall protection.

The third contract is to provide expertise and configuration management for a WAF service which is supplied by the client’s cloud hosting provider.

Two of the three contracts are new Managed Service contracts for existing Consultancy service clients, and the third is a new service for an existing Managed Service client.

Ian Mann, Chief Executive Officer of ECSC, commented:

“We are delighted to add two new significant long-term Managed Services clients, and further expand our engagement with an existing client supporting a new technology project. These contract wins demonstrate the effectiveness of our client acquisition strategy, delivering effective Consulting, leading to long-term recurring revenues through Managed Services.”

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