Shearwater Group PLC Maiden Contract Win for GeoLang

TIDMSWG

Shearwater Group PLC

19 April 2018

SHEARWATER GROUP PLC

("Shearwater", the "Company" or the "Group")

Maiden Contract Win for GeoLang

Shearwater Group plc (AIM: SWG), the digital resilience group, is pleased to announce that its recently acquired portfolio company, GeoLang Holdings Limited ("GeoLang" or the "Business"), has been awarded its first enterprise licence contract under G Cloud.

Under the terms of the agreement, GeoLang will deploy Ascema for Endpoint for an initial 3,500 end users on a rolling annual subscription, representing the launch of their new GDPR focused Data Loss Protection software platform for enterprises.

Through this deployment, Ascema will initially enable the customer to detect all Payment Card Industry ("PCI") and Personally Identifiable Information ("PII") held across endpoints and servers via GeoLang's patented, keyword matching algorithm, which will assist in the production of PCI and PII audit compliance reports and facilitate General Data Protection Regulation ("GDPR") "Subject Access" and "Right to be Forgotten" requests.

In addition to this, Ascema will also be able to track, intervene and report the movement of high value content across the organisation to ensure the customer will be able to demonstrate robust data management practices in line with the upcoming GDPR legislation due to come into force on 25 May 2018.

Michael (Mo) Stevens, Group Chief Executive Officer of Shearwater, said: "I'm delighted Debbie and the team have already landed their first G Cloud contract since joining the Group. The risk environment for organisations has never been more heightened when it comes to data and information security, particularly as businesses become increasingly aware of the threats they face from not only outside but also within the corporate infrastructure. The potential for Ascema to assist companies of all sizes with the management and protection of critical data is considerable and we look forward to building on this early momentum as we progress through the year."

Dr. Debbie Garside, Co-founder and Chief Executive Officer of GeoLang, added: "Deploying our Ascema for Endpoint solution under a G Cloud licence agreement for the first time is a great milestone for the business but is only just the beginning. The market for DLP solutions is rapidly changing and with Ascema we believe we have developed a next generation data protection solution that not only helps organisations manage and secure valuable information but can also enhance business processes through leveraging our cost effective, and easy to deploy state of the art technology. The addition of our Endpoint solution to the Ascema stack means we are now well placed to support information security across enterprise authorised applications."

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

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