ECSC Group PLC - Major Contract Wins for MDR Division
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ECSC Group plc
('ECSC' or the 'Company' or the 'Group')
Major Contract Wins for Managed Detection and Response Division
ECSC Group plc (AIM: ECSC), the provider of cyber security services, is pleased to announce two significant contract wins in its Managed Detection and Response (MDR) division for one of the
The contracts, each of which are for an initial period of three years, have a combined revenue value of
ECSC will provide 24/7/365 cyber security monitoring, detection and response support from the Group's Security Operations Centres (SOCs) located in the
In addition to the above, the Group has delivered its first Nebula Cloud MDR service to another new client, utilising the same AI technologies. As a monthly subscription service this does not materially affect the current order book.
"We are delighted to announce two further major contract wins for our MDR division across two diverse sectors. For the rail company, we will be deploying our MDR services to complement its existing long-standing managed services, whilst the national builder's merchant, although an existing Assurance client for the past 10 months, is a new win for this division.
"These new contracts demonstrate the resilience of the long-established MDR service that has continued to grow throughout 2020 in line with our strategy to expand MDR recurring revenue as a proportion of overall revenue.
"ECSC's MDR services allow clients to receive immediate alerts to potential incidents, and combine expert advice, incident response and containment, preventing escalation to costly breaches. Following the introduction of the 2019 GDPR related fines from the Information Commissioner's Office (ICO), it is increasingly critical for all organisations to have effective cyber security breach detection and expert response."
ECSC Group plc
+44 (0) 1274 736 223
Allenby Capital Limited (NOMAD and Broker)
+44 (0) 203 3285 656
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+44 (0) 203 004 9512
Notes to Editors:
Founded in 2000, ECSC Group plc (AIM: ECSC) is the
ECSC operates from two Security Operations Centres (SOCs): one in
ECSC is led by a highly experienced senior management team with over 80 years' combined experience within the company, and has delivered consecutive organic growth for the last 20 years.
The Company's broad client base ranges from e-commerce start-ups to global blue-chip organisations, including 10% of the FTSE 100.
For more information please visit the following: https://investor.ecsc.co.uk/
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