Inactive Instrument

ECSC GROU

Equities

ECSC

GB00BYMJ4J99

ECSC shares jump on contract wins for MDR division

February 01, 2023 at 06:38 am EST

ECSC Group PLC - Bradford, Yorkshire-based cybersecurity firm - Wins three significant contract wins in its Managed Detection & Response division. Says food retail, leisure and utilities are the represented sectors. The contracts, all of which are for an initial period of three years, have a combined revenue of around GBP690,000. Says revenue will be recognised throughout the duration of the contracts.

Chief Executive Officer Matthew Briggs says: "We are delighted to start the year with a number of significant MDR new service wins. 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. The team has worked well to adapt to the re-designed sales process for our MDR division, supporting and educating clients at both a technical and non-technical level, meaning all stakeholders understand the options available to them, reinforcing our trusted advisor status."

Current stock price: 27.70 pence, up 20% on Wednesday morning in London

12-month change: down 59%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about ECSC GROU

Daisy Corporate Services Trading Limited completed the acquisition of ECSC Group plc.	23-06-26	CI
Scheme of arrangement for ECSC takeover passes	23-06-22	AN
ECSC Group to Delist in London's AIM as Daisy Corporate Takeover Completes	23-06-22	MT
ECSC Receives Court Sanction for Daisy Corporate Services Scheme of Arrangement	23-06-21	MT
ECSC shares to be cancelled on Friday following takeover	23-06-20	AN
ECSC says hearing scheduled for June 20 to effect takeover	23-06-01	AN
ECSC Shareholders OK Daisy Corporate Services Takeover	23-05-24	MT
FTSE 100 Finishes Friday Up, Ending Quarter on Bright Note	23-03-31	DJ
Daisy Corporate Services to acquire ECSC for GBP5 million	23-03-31	AN
UK GDP Growth in 4Q Encourages But Still 'Feeble'	23-03-31	DJ
Daisy Corporate Services Trading Limited agreed to acquire ECSC Group plc for Â£5.4 million.	23-03-30	CI
FTSE 100 Closes Lower After Disappointing Earnings	23-02-28	DJ
Celsius hails MCB assays; Brandshield revenue rises	23-02-28	AN
BOE's Cunliffe Says Digital Pound Not Guaranteed	23-02-28	DJ
ECSC Group plc Provides Earnings Guidance for the Year Ended December 31, 2022	23-02-28	CI
ECSC shares jump on contract wins for MDR division	23-02-01	AN
AIM WINNERS & LOSERS: ECSC wins contracts; Orcadian raises GBP500,000	23-02-01	AN
ECSC Group plc Announces Three Significant Contract Wins in Its Managed Detection and Response Division	23-02-01	CI
Pressure Technologies hires replacement CFO, effective second quarter	23-01-17	AN
ECSC Group plc Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-27	CI
ECSC Group Collaborates with Securonix on Managed Service Provider Program	22-09-22	MT
ECSC Names CEO as Founder-Chief Assumes Executive Chairman Role; Shares Up 5%	22-07-28	MT
ECSC Group plc Announces Board Changes	22-07-28	CI
ECSC Group plc Appoints Matthew Briggs as Chief Executive Officer	22-07-28	CI
ECSC Shares Up 12% on Three Cybersecurity Contracts	22-07-06	MT

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Company Profile

ECSC Group plc is a United Kingdom-based provider of cyber security services. It has three reportable operating segments: Assurance, Managed Detection and Response, and Vendor Products. The Company's protect services is designed to identify security vulnerabilities, assess risk and develop an appropriate action plan of improvements to protect systems. Its testing and assurance services encompass a wide range of technical and non-technical measures. Its services include penetration testing, cyber security review, cyber essentials, social engineering, code audit, managed WAF and managed payment card industry data security standard (PCI DSS) solution. The Company's detect services include active threat detection, cyber breach detection and cyber incident and response. The Company's 24/7 incident response service provides rapid remote and on-site support, and its services include emergency incident responses, incident response retainers and incident management exercise.

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