Smarttech247 gets USD3 million order from automotive technology client

(Alliance News) - Smarttech247 Group PLC on Wednesday said it has received an order from an ...

Alliance News 26 July, 2023 | 10:52AM
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(Alliance News) - Smarttech247 Group PLC on Wednesday said it has received an order from an existing, unnamed automotive technology company, worth around USD3 million across three years.

The Cork-based artificial intelligence-enhanced cybersecurity services provider said the three-year order includes the "provision and implementation of cutting-edge security intelligence technology to provide enhanced visibility and threat detection", which it said strengthened defence "against the increasing threat of cyberattacks".

"These ever-evolving cyber threats mean that the security and protection of data has become a top priority for businesses," the company said.

Smarttech247 said the "cutting-edge technology" from the order would serve an important part of its managed detection and response service, VisionX. Once integrated, it said the technology will offer clients "further security and a unified and proactive security solution".

Chief Executive Officer Raluca Saceanu added: "We are delighted that Smarttech247 has been entrusted by our client to further develop our relationship in strengthening its digital infrastructure and safeguarding sensitive information.

"With the ever-changing cybersecurity landscape, we continue to pioneer new ways to ensure the cyber safety of all existing and new clients. By using this new security technology, our customer will receive a higher level of cyber protection and will be empowered to stay one step ahead of cyber threats."

Shares in Smarttech247 were up 2.9% to 31.89 pence each in London on Wednesday before midday.

By Greg Rosenvinge, Alliance News reporter

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