By Iain Gilbert
Date: Tuesday 17 Sep 2019
LONDON (ShareCast) - (Sharecast News) - Cybersecurity firm Shearwater's Pentest subsidiary has scored a one-year contract with an unnamed technology firm worth more than $1.0m.
Under the terms of the agreement, Pentest will deliver a framework for the provision of vulnerability assessment and penetration testing services to the client, forming a key function within its cloud technology infrastructure.
The AIM-listed group said Pentest will perform "an in-depth investigation" into the customer's resilience in order to uncover any IT security vulnerabilities.
Elsewhere, Xcina Consulting, another Shearwater group company, also signed a Master Consulting Agreement and became a preferred supplier to the same mystery organisation.
Chief executive Phil Higgins said: "Securing this contract win and preferred supplier agreement for Pentest and Xcina respectively is an excellent illustration of the cross-selling opportunities we are seeing as a group.
"This is a good example of how we can improve a customer's overall experience and enhance their organisational resilience by leveraging a combination of our software, services and solutions from across the group."
As of 0845 BST, Shearwater shares had ticked up 0.82% to 1.84p.
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Currency | UK Pounds |
Share Price | 59.50p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 62.50p |
52 Week Low | 29.50p |
Volume | 0 |
Shares Issued | 23.83m |
Market Cap | £14.18m |
RiskGrade | 492 |
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No dividends found |
Chair | David Williams |
CEO | Phil Higgins |
CFO | Jonathan David Hall |
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