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Shearwater subsidiaries ink agreements with mystery technology firm
17th Sep 2019 08:46
(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.
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.