Contract win
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Acuity RM Group plc
(“Acuity” or the “Group”)
US Contract Win
Acuity (AIM: ACRM), the software group, is delighted to announce that its wholly owned operating subsidiary, Acuity Risk Management Limited (‘ARML’) which supplies the award-winning STREAM® software platform for the Governance, Risk and Compliance (“GRC”) market, together with associated consultancy services, has won its first contract with a North American state organisation.
Acuity will supply its STREAM® software platform for GRC to the organisation which suffered several cybersecurity incidents in 2023 so is seeking to enhance its systems with a cutting-edge solution geared towards cybersecurity and risk management. The contract is for three years (with a one-year break clause) and is worth £103,000 over those three years.
Angus Forrest, Executive Chairman, commented; “We are delighted that ARML has secured its first US state organisation and we hope this is one of many to come. This contract win provides credibility in a sector that we believe increasingly needs the solutions which STREAM® offers. Most new clients won by ARML start with a relatively small contract which then expands over the next few years and often benefits from referrals.”
| For further information please contact: | |
| Acuity RM Group plc | https://www.acuityrmgroup.com |
| Angus Forrest | +44 (0) 20 3582 0566 |
| WH Ireland (NOMAD & Broker) | www.whirelandplc.com/capital-markets |
| Mike Coe / Sarah Mather | +44 (0) 20 7220 1666 |
| Peterhouse Capital (Joint broker) | |
| Lucy Williams / Duncan Vasey | +44 (0) 20 7469 0936 |
| Clear Capital (Joint broker) | |
| Bob Roberts | +44 (0) 20 3869 6080 |
Note to Editors
Acuity RM Group plc
Acuity RM Group plc (AIM: ACRM), is an established provider of risk management services. Its award-winning STREAM® software platform collects data about organisations to improve business decisions and management. It is used by around 70 organisations in markets including government, utilities, defence, broadcasting, manufacturing and healthcare.
The Company is focused on delivering long term, sustainable growth in shareholder value. In the short to medium term this is expected to come from organic growth and thereafter may also come from complementary acquisitions.