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ECSC wins trio of cyber security contracts worth over £590,000

ALN

Cyber security firm ECSC Group PLC on Wednesday said its Managed Detection & Response division has won three ‘significant’ contracts.

Under the contracts, the Bradford, Yorkshire-based company will provide cyber security monitoring, detection and response support from its security operations centres located in the UK and Australia.

ECSC said that the contracts have a combined revenue value in excess of £590,000, which will be recognised throughout the three-year duration of the agreements.

The company added that, when combined with a number of recent contract renewals, its order book at June 30 stood at £2.9 million, up 30% from £2.2 million at the end of 2021.

Chief Executive Ian Mann said: ‘We are delighted to report a return to a level of MDR new service wins comparable to pre-Covid levels. The team has worked hard to re-establish this pipeline of new business and re-designed the sales process in recognition of new working patterns within our clients and prospects.’

Shares in ECSC were down 1.0% to 38.10 pence each in London on Wednesday morning.

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