Pires Investments PLC Contract Win for Smarttech247
24 Junio 2021 - 1:48AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
24 June 2021
24 June 2021
PRESS RELEASE
Pires Investments plc
("Pires" or the "Company")
Contract Win for Smarttech247
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology provide an update on its
investment in Sure Valley Ventures ("SVV") in relation to SVV's
recent investment in Smarttech247 and Smarttech247's recent major
contract win .
Smarttech247 (incorporated in the Republic of Ireland as Zefone
Limited), is a global artificial intelligence ("AI") based cyber
security cloud business that protects enterprises as they migrate
to cloud-based IT operations. Smarttech247 has over 100 technology
partners, including Tanium and Crowdstrike, and 50 clients based in
Europe and the US.
Smarttech247 has announced that it has been awarded a multi-year
contract for managed cyber security services by a global advanced
manufacturing company, employing over 100,000 staff and a leading
member of the Fortune Global-1000. The contract was awarded to
support strategic cyber security initiatives and ensure compliance
to the latest industry regulated cyber security standards.
This contract will see the cybersecurity services provider
deploy its managed detection and response offering which combines
the Artificial Intelligence and automation of security tools with
Smarttech247's own 24/7 Cyber Security Operations Centres.
Further information on Smarttech247 can be found on its website
at https://www.smarttech247.com/ .
Pires has a circa 20% interest in SVV, a venture capital fund
focused on investing in the software technology sector with a
specific focus on Artificial Intelligence, the Internet of Things
and Immersive Technologies.
Peter Redmond, Chairman of Pires commented:
"We are pleased to note Sure Valley Ventures' new investment in
Smarttech247 and the company's new contract win. Smarttech247 is
well positioned to capitalise upon the rapid growth across the
security sector as businesses continue to be targeted by cyber
attacks. With the business looking to IPO in the short term, we
believe that this is the opportune moment for SVV to invest in
Smarttech247."
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Joint Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Joint Broker
Tennyson Securities Tel: +44 (0) 20 3167 7221
Peter Krens
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabelle Wills
Notes to Editors
About Pires Investments plc
Pires Investments plc (AIM: PIRI) is an investment company
providing investors with access to a portfolio of next generation
technology businesses with significant growth potential.
The Company is building an investment portfolio of high-tech
businesses across areas such as Artificial Intelligence, Internet
of Things, Cyber Security, Machine Learning, Immersive
Technologies, Big Data and digital assets, which the Board believes
demonstrate evidence of traction and the potential for exponential
growth, due to increasing global demand for development in these
sectors.
For further information, visit: https://piresinvestments.com/
.
About Smarttech247
Smarttech247 is an established company in cyber security
management with a successful track record of revenue growth and
profitability and is positioned at the intersection of three major
cyber security growth markets:
-- Security threat incidents
-- Growth of cloud adoption amongst both large and small-medium enterprises
-- Proliferation of cyber security data generation that needs to be integrated
Smarttech247 is able to provide 24/7 threat detection,
investigation and response. The company has over 100 employees, 50
customers, 100 technology partners and multiple security operation
centres across Europe.
For further information, visit: https://www.smarttech247.com/
.
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