ECSC wins trio of cyber security contracts worth over GBP590,000

(Alliance News) - Cyber security firm ECSC Group PLC on Wednesday said its Managed Detection & ...

Alliance News 6 July, 2022 | 8:40AM
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(Alliance News) - Cyber security firm ECSC Group PLC on Wednesday said its Managed Detection & Response division has won three "significant" contracts.

Under the contracts, the Bradford, Yorkshire-based company will provide cyber security monitoring, detection and response support from its security operations centres located in the UK and Australia.

ECSC said that the contracts have a combined revenue value in excess of GBP590,000, which will be recognised throughout the three-year duration of the agreements.

The company added that, when combined with a number of recent contract renewals, its order book at June 30 stood at GBP2.9 million, up 30% from GBP2.2 million at the end of 2021.

Chief Executive Ian Mann said: "We are delighted to report a return to a level of MDR new service wins comparable to pre-Covid levels. The team has worked hard to re-establish this pipeline of new business and re-designed the sales process in recognition of new working patterns within our clients and prospects."

Shares in ECSC were down 1.0% to 38.10 pence each in London on Wednesday morning.

By Sophie Rose; sophierose@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
ECSC Group PLC 43.50 GBX 0.00 -

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