Acuity RM secures three-year contract with unnamed motor manufacturer

31st Oct 2023 11:45

(Sharecast News) - Risk management services provider Acuity RM said on Tuesday that it has secured a new contract win via its wholly-owned operating subsidiary.

Acuity RM said its Acuity Risk Management subsidiary had locked in a three-year contract worth £160,000 to manage ISO 27001 framework and "excellence of service" for a new and unnamed client.

The AIM-listed group said the new client was a motor manufacturer and the award was expected to lead to further contracts with the customer for functions such as data privacy and enterprise risk management, with significant further opportunities throughout the group.

Acuity RM added that the contract was won in conjunction with a new partner with worldwide operations.

Chief executive Angus Forrest said: "It is a great pleasure to win a contract with a company where there is potential to grow the account substantially. In this case, it also brings a new partner into the Acuity orbit of operations, with the potential to assist Acuity grow in global markets."

As of 1145 GMT, Acuity RM shares were down 1.05% at 4.70p.

Reporting by Iain Gilbert at Sharecast.com