Falanx secures 3-year managed cyber security service contract
Source - SMW
Falanx, the global intelligence, security and cyber defence provider, said it secured a three-year managed cyber security service contract.
The company said an 'award-winning UK Top 20 International law firm' signed a three-year managed service contract for advanced security monitoring of its entire global estate.
The company also reported a contract expansion of the existing estate of a valued client resulting in its value growing from £250,000, to generate more than £380,000 of revenues.
Mike Read, Chairman and CEO, said: 'I am delighted to report the continuing sales momentum of our highly regarded MidGARD service, further enhancing visibility of recurring revenues over the next three years.'
'Our pipeline of similar opportunities continues to grow and I look forward to announcing further contracts in the near future.'
At 8:53am: (LON:FLX) Falanx Group Plc share price was +0.28p at 4.35p