Pires Investments PLC Getvisibility signs distribution agreement
11 Agosto 2020 - 8:00AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
11 August 2020
11 August 2020
Pires Investments plc
("Pires" or the "Company")
Getvisibility signs public sector distribution agreement with
immixGroup
Pires Investments plc (AIM: PIRI), the investment company
focused on next generation technology, is pleased to provide an
update on its investment in Getvisibility, an artificial
intelligence data management and security company that Pires is
invested in, both directly and through its 13% investment in Sure
Valley Ventures ("SVV").
On 7 August 2020, Getvisibility announced that it had signed a
public sector distribution agreement with immixGroup, the leading
value-added distributor of enterprise IT for the U.S. public
sector. The agreement will allow Getvisibility to grow its public
sector business, accelerate sales cycles, and operate more
efficiently in the government market. Federal agencies will also be
able to deploy Getvisibility products on-premises and into their
existing cloud infrastructure.
New regulations and legislation such as Cybersecurity Maturity
Model Certification (CMMC) and the U.S. Federal Information
Technology Acquisition Reform Act are challenging public entities
to upgrade ageing IT systems with innovative technologies that
better protect data and save billions in taxpayer dollars.
Getvisibility, now available through immixGroup's portfolio of
contract vehicles, can be used by federal agencies to help
transform and modernise their data security.
As a comprehensive enterprise data security and classification
solution, Getvisibility is designed to address demanding use cases
and help ensure regulatory compliance.
Pires has a circa 13% interest in SVV which is a venture capital
fund focused on investing in the software technology sector with a
specific focus on artificial intelligence, the internet of things
and augmented and virtual reality.
Peter Redmond, Chairman of Pires commented:
"We are delighted with Getvisibility's agreement with
immixGroup, which is expected to deliver a significant increase in
business for Getvisibility. With the changing landscape of
cybersecurity regulations in the U.S., we believe Getvisibility is
well positioned to serve the increasing demand for comprehensive
data security services. The agreement with immixGroup will
certainly aid this progress.
"Our strategy remains focused on strategic investments in
high-tech businesses with significant potential for accelerated
growth. We continue to seek similar opportunities to that of
Getvisibility, and we look forward to updating the market with
progress to this regard in due course."
- Ends -
Enquiries:
Pires Investments plc Tel: +44 (0) 20 3368 8961
Peter Redmond, Chairman
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
Financial media and PR
Yellow Jersey Tel: +44 (0) 20 3004 9512
Sarah Hollins
Henry Wilkinson
Annabel Atkins
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 ("AI"),
Internet of Things ("IoT"), Cyber Security, Machine Learning,
Augmented Reality and Virtual Reality ("AR/VR") 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 Getvisibility
Getvisibility is an artificial intelligence security company
addressing the substantial and increasing problem which
corporations face in storing, sorting, accessing and protecting
data. Getvisibility has developed and launched a software platform
using artificial intelligence that delivers visibility over a wide
range of data.
Getvisibility recently announced that it believes that it could
be awarded up to EUR20 million in business following new
Cybersecurity Maturity Model Certification (CMMC) requirements for
suppliers to the US Department of Defence.
Further details about Getvisibility can be found at
https://www.getvisibility.com/ .
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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