Pires Investments PLC Smarttech247 receives EUR6m order
29 Junio 2021 - 1:00AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
29 June 2021
29 June 2021
Pires Investments plc
("Pires" or the "Company")
Smarttech247 receives EUR6m order from global manufacturing
firm
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in Sure Valley Ventures ("SVV") in
relation to SVV's recent investment in Smarttech247 and
Smarttech247's EUR6m order from a global manufacturing firm .
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 purchase
order with the value of EUR6 million for plant level Operational
Technology ("OT") cyber security services, with respect to the
contract announced by the Company on 24 June 2021.
OT is hardware and software that detects or causes a change
through the direct monitoring and/or control of physical devices,
processes and events in an enterprise. OT is common in Industrial
Control Systems (ICS) such as a SCADA System.
As part of the contract, Smarttech247 will manage, advise and
implement security measures and controls that aim to improve the
prevention, detection, mitigation, and response capabilities for OT
systems, as well as aligning with regulatory requirements.
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 Smarttech247's EUR6 million purchase
order award to provide plant level Operational Technology cyber
security services to a global manufacturing firm. Smarttech247
provides unmatched OT security expertise that helps its customers
to align with regulatory requirements and against the growing
volume of cyber threats to ICS/SCADA systems.
"We look forward to following Smarttech247's progress in due
course."
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
and Big Data, 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 a multi-award-winning MDR (Managed Detection
& Response) company and a market leader in Security Operations.
Trusted by global organisations, Smarttech247 combines threat
intelligence with managed detection and response to provide
actionable insights, 24/7 threat detection, investigation, and
response. Its service is geared towards proactive prevention by
utilising the latest in cloud, big data analytics and machine
learning, along with its industry leading incident response team.
Smarttech247 is certified to ISO27001, ISO9001, CREST and Cyber
Essentials.
For more information please visit www.smarttech247.com .
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