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Highlights
- £2.3 Million Contract Wins: Shearwater Group secures new contracts worth a total of £2.3 million, including a £1.5 million deal for Brookcourt Solutions.
- Major Financial Sector Deal: Brookcourt Solutions will deliver an advanced email encryption solution to a leading global financial institution, enhancing its cybersecurity posture.
- Diversified Wins Across Sectors: Smaller service contracts valued at £0.8 million span government, telecommunications, and national distribution markets.
Shearwater Group plc (LSE:SWG), a leader in cybersecurity, advisory, and managed security services, has announced a series of new contract wins valued at £2.3 million. This includes a significant £1.5 million contract for its portfolio company, Brookcourt Solutions, which will contribute to the Group's financial performance in FY25.
The £1.5 million agreement will see Brookcourt Solutions deliver an Advanced Email Encryption Managed Service Platform to a prominent global financial institution. The platform, developed in collaboration with Brookcourt’s trusted technology partner, will offer the client a highly secure, customisable, and expertly managed solution to protect sensitive communications. This enhanced security will significantly bolster the client's cybersecurity framework in the face of increasingly sophisticated digital threats.
In addition to this major contract, Shearwater has secured several smaller service contracts totaling £0.8 million. These wins span various sectors, including government, telecommunications, and national distribution, showcasing the broad applicability of Shearwater's services across diverse industries.
The momentum generated by these new contract wins supports Shearwater Group’s growth trajectory, with the company on track to meet its full-year financial targets. The Group remains confident in its ability to deliver results in line with market expectations as it continues to expand its presence in the cybersecurity and managed services sectors.
Commenting on the recent wins, the Company expressed its satisfaction with the continued growth and increasing demand for its services, particularly in areas that are critical to businesses navigating the complexities of digital security.
