Drumz investee Acuity inks deal with Florida-based Tutela
Updated : 14:44
UK-based investment firm Drumz announced that its investee Acuity Risk Management has entered into a partnership with Tutela Solutions, a provider of governance, risk, and compliance (GRC) solutions based in Florida.
The AIM-traded firm said that under the agreement, Tutela would refer North American organisations seeking GRC solutions to Acuity's ‘STREAM’ integrated risk manager (IRM) platform.
It said the partnership would represent a step forward for Acuity, as it looked to expand its presence in North America - the world's largest GRC market.
Tutela is an established developer of GRC solutions, having completed more than 500 projects for over 135 clients.
“Acuity is growing strongly and is implementing a partnership strategy to build a bigger presence in the North American market for GRC solutions,” said Drumz chief executive officer Angus Forrest.
“This builds on the customer win announced in February and is a significant step to accelerate growth of revenues and customer numbers in the world’s largest market for risk management software.”
At 1444 GMT, shares in Drumz were flat at 0.68p.
Reporting by Josh White for Sharecast.com.