TIDMDRUM 
 
This announcement contains inside information for the purposes of Article 7 of 
EU Regulation 596/2014. 
 
25 November 2020 
 
                                  Drumz plc 
 
                          ('Drumz' or the 'Company') 
 
                             Update on Investment 
 
On 7 September 2020, Drumz made an investment in Acuity Risk Management Limited 
('Acuity') resulting in the Company holding 20% of the issued share capital of 
Acuity, with an option to acquire a further 5%. Acuity's business is the supply 
of its proprietary software, STREAMT, and services for cyber security and risk 
management, used by organisations globally for customers' ISO 27001, GDPR, NIST 
Cyber Security Framework and other programs. 
 
Certain members of the Drumz management team have been working with Acuity 
since July 2019. Since then, the commercialisation of Acuity's offering has 
continued with STREAMT being sold predominantly on a SaaS basis. In addition, 
sales and marketing activities have been overhauled with new price lists and 
terms for customers, the sales team has been strengthened and a new digital 
marketing programme managed by a specialist agency has been introduced. There 
have been several significant customer wins including a leading utility company 
and a major department of the UK Government. 
 
The results for the year to 31 March 2020 show substantial year-on-year 
improvement with a 60% increase in revenues to GBP1.38m (2019: GBP0.86m). 
 
First quarter revenues for the current year were in line with budget but second 
quarter revenues were impacted by COVID-19 with buyers deferring their 
orders.  Pleasingly however, the sales pipeline stood at GBP850,000 as at 
16 November 2020 (2019 GBP300,000). 
 
More information on Acuity can be found via the following link www.acuityrm.com 
 
Angus Forrest, Chief Executive of Drumz, commented: 
 
"Everyone at Acuity is working hard to exploit STREAMT's potential. It is an 
established and well regarded player in the fast growing global cybersecurity 
market. There are many opportunities to improve and grow the business but we 
believe these early signs are an encouraging start to achieving our objective 
of transforming the value of Acuity. " 
 
For further information please 
contact: 
 
Drumz Plc                              www.drumzplc.com 
 
Angus Forrest                          +44 (0) 20 3582 0566 
 
WH Ireland (NOMAD & Broker)            www.whirelandcb.com 
 
Mike Coe / Chris Savidge               020 7220 1666 
 
Peterhouse Capital Limited (Joint 
broker) 
 
Lucy Williams / Duncan Vasey           020 7469 0936 
 
Note to Editors 
 
Drumz plc 
 
Drumz plc (AIM): DRUM) is an investing company focused on investing in and 
acquiring established software businesses that own good technology, have 
quality customers and which could better exploit their assets and accelerate 
their growth with the injection of experienced management and new funds. 
 
Drumz will, where necessary, make available some of its experienced management 
team and provide finance to facilitate the necessary changes, so that the value 
of the businesses in which Drumz invests will be transformed over a two to four 
year period. In due course, the new Directors expect to dispose of such 
businesses, in whole or in part, in order to realise value for Drumz and its 
shareholders. 
 
 
 
END 
 

(END) Dow Jones Newswires

November 25, 2020 02:00 ET (07:00 GMT)

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