Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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 Ltd Timeline

Article
September 24 2015
Newswire
June 20 2013

Related Articles

An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.
1510592057_gas-pipeline.jpg
November 13 2017
In the quarter, the power and electromechanical segment contributed revenues of $16.7 million,

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use