Shearwater scores new three year contract

Cybersecurity firm Shearwater Group has secured a "significant" three-year advanced endpoint cyber defence solution contract with an unnamed global financial organisation.

Shearwater said on Thursday that the contract, which totals $4.1m and will contribute to its current full-year expectations, had been secured by its group company, Brookcourt Solutions.

The AIM-listed firm stated that under the terms of the contract, Brookcourt Solutions will be responsible for deploying one of its technology partners' "cutting-edge endpoint security software solutions" across the breadth of the financial organisation's operations.

Chief executive Phil Higgins said: "This is an outstanding contract win for Brookcourt Solutions, demonstrating our deep understanding of best-in-class technologies and the strong partner portfolio that we have on offer for our customers.

"Being trusted to efficiently deploy cutting-edge, robust, effective and cost efficient cyber security solutions to global financial organisations of this calibre is something that we are very proud of."

As of 1300 GMT, Shearwater shares were up 9.52% at 95.28p.