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Falanx Group higher as global cyber security provider unveils number of multi-year contract wins

The AIM-listed group announced a new MidGARD service contract, and also said an award-winning UK Top 20 International law firm has signed a 3-year managed service contract
Cyber security
Falanx also unveiled a newly awarded 3-year managed Cyber Security service contract, which is an expansion of the existing estate of a client

Falanx Group Limited (LON:FLX) was a strong gainer today after the global intelligence, security and cyber defence provider announces a number of multi-year contract wins.

In a statement, the AIM-listed group announced a new MidGARD service contract, with a total revenue value of £700,000, and also said an award-winning UK Top 20 International law firm has signed a 3-year managed service contract with Falanx to deliver advanced security monitoring of its entire global estate.

READ: Falanx expects “significant growth” in coming year

Falanx also unveiled a newly awarded 3-year managed Cyber Security service contract, which is an expansion of the existing estate of a client, resulting in the contract value growing from £250,000, to generate more than £380,000 of revenues.

Mike Read, Falanx’s chairman and CEO, commented: “Our pipeline of similar opportunities continues to grow and I look forward to announcing further contracts in the near future."

In mid morning trading, Falanx shares were up 8%, or 0.32p at 4.40p.

View full FLX profile View Profile

Falanx Group Timeline

Article
September 24 2015
Newswire
June 20 2013

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