Shearwater Group PLC Acquisition of Crystal IT Services Limited
26 Aprile 2018 - 8:01AM
RNS Non-Regulatory
TIDMSWG
Shearwater Group PLC
26 April 2018
26 April 2018
SHEARWATER GROUP PLC
("Shearwater", the "Company" or the "Group")
Acquisition of Crystal IT Services Limited
Continued expansion of Xcina
Shearwater Group plc (AIM: SWG), the digital resilience group,
is pleased to announce that it has acquired the business and assets
of Crystal IT Services Limited ("Crystal IT" or the "Business"), a
Cardiff based provider of cyber security and business information
technology solutions (the "Acquisition").
Founded in 2004 by its current Managing Director, Chris Benson,
Crystal IT has a portfolio of customers including a number of small
and medium enterprises and not-for-profit organisations, to whom it
provides information, network and application security solutions,
cyber essentials advice, and outsourced IT services and training
for companies seeking compliance with the upcoming GDPR
legislation.
As part of the Acquisition, the Business has been rebranded
Xcina IS and will form a component of the Group's information
security and assurance company, Xcina, augmenting its services
capability. Chris will lead the rebranded Business and Shearwater
will look to invest in Xcina IS to support its organic growth and
meet the increasing demand for resilient information services from
Xcina's expanding customer base.
For more information, please visit
https://www.xcina.co.uk/is.
Michael (Mo) Stevens, Group Chief Executive Officer of
Shearwater, commented: "I'm delighted to welcome Chris and the team
to the Group. Since the launch of Xcina in July last year, the
business has made fantastic progress in broadening and deepening
its suite of capabilities. I look forward to seeing Crystal IT add
to Xcina's service offering as we continue to develop Xcina into a
leading information security and assurance company."
Enquiries:
Shearwater Group plc www.theshearwatergroup.co.uk
David Williams +44 (0) 797 014 8016
Michael (Mo) Stevens +44 (0) 780 171 2582
Cenkos Securities plc - NOMAD
and Broker
Bobbie Hilliam - NOMAD
Julian Morse / Michael Johnson
- Sales +44 (0) 20 7397 8900
WH Ireland Limited - Financial www.whirelandcb.com
Advisor +44 (0) 117 945 3470
Mike Coe
Ed Allsopp
Powerscourt - Financial PR shearwater@powerscourt-group.com
Ben Griffiths, Andy Jones +44 (0) 20 7250 1446
+44 (0) 77 5346 4637
This information is provided by RNS
The company news service from the London Stock Exchange
END
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