Brookcourt Solutions Secures Contract with Value of up to c.£21m

Shearwater Group plc, the organisational resilience group that provides cybersecurity, professional advisory and managed security services, announces that its group company, Brookcourt Solutions, has secured a significant new contract win to the potential value of up to c.£21.0m with a leading telecommunications and media company. The initial, secured value of the contract, across an initial three year term, is £12.9m, with the contract including an option to extend by a further two years for a total additional value of c.£8.0m.

Under the terms of the contract, Brookcourt Solutions will provide forensic monitoring solutions, support, maintenance, training and managed services to the telecommunications and media company. This advanced solution provides the client with e nd-to-end service assurance across all technology domains and integration to support business critical applications and processes.

The Company also announces that a trading update for the year ended 31 March 2022 will be provided later this month.

Phil Higgins, CEO of Shearwater, commented:
"This win demonstrates our capabilities within the security and monitoring sector. Being able to work alongside our customer, as the chosen supplier on a project of this strategic importance is noteworthy."

David Williams, Chairman of Shearwater, commented:
"This contract won by Brookcourt Solutions demonstrates the potential we saw in their best-in-class strategic solutions and service offerings. Huge congratulations to all our team for this major success."