6 September
2021
Drumz plc
('Drumz' or the
'Company')
Further
Investment and Update
Further investment
Drumz plc (AIM:DRUM) is pleased to announce that Drumz has
exercised its option to acquire a further 5% in Acuity Risk
Management Limited (‘Acuity’), in which Drumz already has a 20%
shareholding, thereby increasing its shareholding to 25%, for a
cash consideration of £125,000.
Acuity’s product STREAM™ is an Integrated Risk Manager (“IRM”)
software product. STREAM™ is used by private and public
sector clients to manage their cyber security and other enterprise
risks.
Update on Acuity
Gartner, the global research and advisory firm, has identified
Acuity and its product STREAM™ in major reports in 2021.
- Gartner Peer Reviews on IT Risk Management – STREAM™ is the
number one product
- Gartner survey on Hype Cycle™ for Cyber and IT Risk Management,
2021 covers Acuity and STREAM™.
Acuity has launched a significant upgrade to STREAM™ which
offers users enhancements for productivity, workflow, user
management, security and audit. Additionally, Acuity has
secured ISO 27001 status, the international standard for management
and protection of information assets and security.
Additionally, Acuity has been shortlisted for ‘Cyber Security
Solution of the Year’ in the National Technology Awards, 2021.
Acuity’s business continues to expand, there have been
two recent new business wins with a value of
approximately £250,000.
Angus Forrest, Chief Executive of
Drumz said:
“Cybersecurity continues to grow in importance as organisations
transform using digital products and services. We are
pleased with the progress made by Acuity since our initial
investment, all aspects of the business have been strengthened with
further developments in progress. Increasing Drumz’
shareholding represents a further endorsement of the management
team at Acuity and I am greatly encouraged that expert commentators
such as Gartner continue to rate Acuity’s STREAM™ product extremely
highly.”
This announcement includes inside
information as defined in Article 7 of the Market Abuse Regulation
No. 596/2014 and is disclosed in accordance with the Company's
obligations under Article 17 of those obligations.
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For further information
please contact: |
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Drumz Plc |
www.drumzplc.com |
Angus Forrest |
+44 (0) 20 3582 0566 |
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WH Ireland (NOMAD & Broker) |
www.whirelandcb.com |
Mike Coe / Sarah Mather |
020 7220 1666 |
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Peterhouse Capital Limited (Joint
broker) |
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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.