ACM Accumuli

TIDMACM

Accumuli PLC

10 December 2014

10 December 2014

RNS Reach

Accumuli Plc

("Accumuli" or the "Group")

Continued momentum with Managed Services, Consulting and own IP sales

Accumuli, the independent specialist in IT security and Risk Management, announces that the momentum it highlighted in its recent interim results announcement has continued with some notable recent contract wins. These have included the following;

-- a security information and event management ('SIEM') managed service contract to set up and provide services for the duration of a high profile event scheduled for 2015. This has been the largest managed service contract Accumuli has won this financial year;

-- a licence sale of our DDAM(1) technology to a large Financial Services organisation with accompanying project management and consulting; and

-- a consultancy engagement to assist a large financial services organisation establish SIEM and Intrusion Prevention System services within its Security Operations Centre.

These three orders together represent GBP0.6m of invoiced gross profit, some of which will be recognised during the current financial year.

Gavin Lyons, CEO at Accumuli, commented:

"We are delighted to have secured these three valuable orders all of which clearly demonstrate our success in implementing our strategy of growing our revenues and gross profit in the margin rich areas of Managed Services and Professional Services."

(1) Accumuli's proprietary software providing DNS, DCHP activity monitoring, archiving, reporting and analysis

For further information, please contact:

 
 Accumuli plc                         Tel: +44 (0)1256 303700 
 Gavin Lyons, CEO 
 Ian Winn, Finance Director 
 
 finnCap                              Tel: +44 (0)20 7220 0500 
 Charlotte Stranner/Christopher 
  Raggett (Corporate Finance) 
 Victoria Bates (Corporate Broking) 
 
 MXC Capital Advisory LLP             Tel: +44 (0)20 7801 9596 
 Marc Young 
 Charles Vivian 
 
 Newgate Threadneedle                 Tel: +44 (0)20 7653 9850 
 Hilary Buchanan 
 Jasper Randall 
 

About Accumuli

Accumuli is a leading, rapidly growing, UK based independent specialist in IT security and risk management. We provide industry leading solutions and services underpinned by rare skills and capabilities. Our objective is to enable organisations to manage the ever increasing IT risk landscape and leverage their IT assets for business value.

Managing risk created from significant IT Trends (such as cybercrime, consumerisation of IT, Big Data) or business objectives (such as saving money or doing more with less) is the perennial balancing act for any IT department. The ideal outcome is to have an IT infrastructure that is available, performing and visible whilst always being compliant, resourced and secure.

The Accumuli approach is to assist our customers in identifying both the risk and potential of their IT infrastructure and address any gaps with leading solutions and expert services. Accumuli has a culture that is focused entirely on helping our customers and working as one team to deliver tangible results - we can help with a very specific need or a holistic end-to-end solution.

Accumuli is a public company quoted on the AIM market of the London Stock Exchange with offices in Basingstoke, Cambridge and Leeds. Accumuli's global customer base consists of companies of all sizes across an expanding range of industry sectors including financial services, utilities, telecommunications, manufacturing and government.

Accumuli Security

Managing IT Risk | Leveraging IT Assets

This information is provided by RNS

The company news service from the London Stock Exchange

END

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