Drumz reports growing growth for investee's software platform

Technology-focussed investment company Drumz said demand for its investee company Acuity’s proprietary software platform ‘STREAM’ was continuing to grow.

The AIM-traded firm, which was holding its annual general meeting said its investment in Acuity Risk Management, which specialises in the management of cybersecurity risk, was its first since its re-focus on technology, and was in a sector where customer demand was running “exceptionally high” as more and more businesses looked to protect their data for financial, reputational and regulatory reasons.

Non-executive chairman Simon Bennett said the company’s strategy was to invest in and acquire technology businesses where the directors believed they could be improved by a combination of Drumz’ management expertise, and the provision of investment to improve growth prospects.

“We remain focused on building on the performance improvements already made at Acuity and we continue to look at investment opportunities where we can transform value, with the priority being to deliver enhanced value for shareholders,” Bennett said.

“I look forward to reporting on further progress in due course.”

At 0839 BST, shares in Drumz were down 4.67% at 0.51p.