Shearwater's new subsidiary GeoLang wins major contract

Under the terms of the contract, GeoLang will provide its Ascema For Endpoint software platform for 3,500 initial users on a rolling annual basis, representing the launch of the company’s data loss protection platform for enterprises.

The G Cloud framework eases the access of UK public sector bodies to information technology software and services that utilise cloud-based technology.

Ascema is an award winning technology which enables, among other things, the movement of sensitive data and intellectual property within cloud collaboration environments in a secure and controlled fashion.

Michael Stevens, chief executive of Shearwater Group, said: "The risk environment for organisations has never been more heightened when it comes to data and information security, particularly as businesses become increasingly aware of the threats they face from not only outside but also within the corporate infrastructure. The potential for Ascema to assist companies of all sizes with the management and protection of critical data is considerable."

The platform's robust data management capabilities will see companies using the system adhere to requirements specified by upcoming GDPR legislation due to come into force on 25 May.

Debbie Garside, co-founder and chief executive of GeoLang, said: "The market for DLP solutions is rapidly changing and with Ascema we believe we have developed a next generation data protection solution that not only helps organisations manage and secure valuable information but can also enhance business processes through leveraging our cost effective, and easy to deploy state of the art technology."

Shearwater acquired GeoLang for £1.7m through ordinary share issuance earlier this month as part of the company’s new digital resilience strategy.

As of 1100 BST, Shearwater Group’s shares were up 4.10% at 3.18p.