ECSC Group PLC (AIM:ECSC) shares soared 20% higher to 27.70p in morning trade after the provider of cyber security services revealed three “significant” contract wins.
The contracts, won by ECSC’s managed detection and response (MDR) division, represent the food retail, leisure and utilities sectors. They are all for an initial period of three years and have a combined revenue value in excess of £690,000, the group said.
“The wins support what we're seeing in the market place, with cyber security now very much seen as a priority risk at board level,” commented ECSC chief executive Matthew Briggs in a statement.