Contract wins for Brookcourt Solutions: A Global Financial Organisation and a Government Department

8 January 2024

Shearwater Group plc, the cybersecurity, advisory and managed security services group, announces that its subsidiary, Brookcourt Solutions (‘Brookcourt’), has secured two key contract wins

A three year contract has been signed with a leading global bank for the provision of comprehensive security and cyber security services. The contract has a total value of US$3.15 million, which includes previously deferred contractual spend from the client. Brookcourt will provide renewed support for a critical segment of the bank’s global security infrastructure ensuring that the bank can enhance the protection and audit capabilities of its core databases.

In addition, following its first Government department contract win in October 2023, Brookcourt has secured a three year contract with a second Government department following an intensive one-year trial. With a total value of approximately £0.84 million it involves the delivery of a comprehensive threat intelligence solution, covering threat, geopolitical and brand intelligence.

Both these strategic wins, which will be accounted for in full in the year to 31 March 2024, demonstrate Brookcourt’s commitment to delivering cutting-edge solutions and fortifying the security landscape for its clients.

Phil Higgins, Group Chief Executive Officer of Shearwater, commented:

“We are delighted to be awarded these two contracts, highlighting the value and expertise of Brookcourt Solutions’ offering. It is especially pleasing to see further previously delayed client spend from last year flow into the current period. Additionally we are excited to see deeper expansion for the Group into central government.”

Shearwater Group plc Regulatory News & Alerts R-5891Y

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