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Shearwater ( (GB:SWG) ) has shared an announcement.
Shearwater Group plc has secured a series of new contracts totaling £2.3 million, including a significant £1.5 million deal with a leading global financial services provider. This major contract will see Brookcourt Solutions, one of Shearwater’s portfolio companies, deliver an Advanced Email Encryption Managed Service Platform, enhancing the client’s cybersecurity posture. Additionally, the company has achieved numerous smaller contracts across sectors like government and telecommunications, indicating strong momentum in the second half of the year. These contract wins demonstrate Shearwater’s ability to provide high-value cybersecurity solutions and reinforce its position as a trusted advisor in the field, aligning well with market expectations.
More about Shearwater
Shearwater Group plc is an award-winning company providing cybersecurity, managed security, and professional advisory solutions. The group’s comprehensive offerings cover identity and access management, data security, cybersecurity solutions, managed security services, and security governance, risk and compliance. With a focus on a buy and build growth strategy, Shearwater aims to address the entire spectrum of cybersecurity and managed security needs. The company is headquartered in the UK and serves a diverse range of industries globally. It is listed on the London Stock Exchange’s AIM under the ticker ‘SWG’.
YTD Price Performance: -19.13%
Average Trading Volume: 22,027
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £8.86M
See more insights into SWG stock on TipRanks’ Stock Analysis page.
