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ECSC Group ends 2019 with a bang

The value of the contracts are equivalent to around 14% of last year's group revenue.

ECSC Group PLC -

ECSC Group PLC (LON:ECSC), the provider of cyber-security services, has unveiled five major contract wins across a range of sectors.

The contracts have a combined revenue value in excess of £750,000. The revenue will be recognised throughout the duration of the contracts, which vary between one and three years.

The largest contract is to provide “always-on” cyber-security monitoring and breach detection, using ECSC’s proprietary Kepler Artificial Intelligence.

The contract win came in the wake of ECSC's response to a major security incident within a chemical company.

Three of the other four contracts also use the Kepler Artificial Intelligence technology; one is a two-year renewal from a well-known retailer; another is a new three-year contract with an information technology services company and the third is a one-year contract extension with a financial services firm.

The fifth contract is a cyber-security testing programme for a new client providing mobile payment solutions.

"We are pleased to end the year on such a positive note with a number of major contract wins across a range of sectors,” said Ian Mann, the chief executive officer of ECSC.

“Following the new 2019 GDPR [general data protection regulation] fines, clients are increasingly recognising the need for cyber-security services. Our strategy of winning consultancy clients, and developing them into long-term recurring managed services clients continues to be effective," he added.

Shares in ESCS were up 8% at 135p in early deals.

Quick facts: ECSC Group PLC

Price: 73.5 GBX

LSE:ECSC
Market: LSE
Market Cap: £6.69 m
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