Shearwater secures contract renewal with unnamed UK telco

Software company Shearwater Group said on Wednesday that its Brookcourt Solutions unit has secured a one-year contract renewal with a value of roughly £1.0m with an unnamed British telecommunications and media company.

Shearwater stated the contract, which will see it provide ongoing support for a data protection and a monitoring platform, will see Brookcourt continue to ensure effective data protection solutions and tools are implemented in the client's environment, mitigating database risks and detecting compliance and security policy violations.

The AIM-listed firm highlighted that in doing so Brookcourt will be helping the client to eliminate data breaches and associated large penalties.

Chief executive Phil Higgins said: "We are delighted to have been reappointed as the supplier of choice for this leading British telecommunications company. Such a significant contract renewal signifies the quality of Brookcourt's offering and is testament to the value of the services the Group provides."

As of 1015 BST, Shearwater shares were down 1.32% at 145.06p.