TIDMSWG

Shearwater Group PLC

26 April 2018

26 April 2018

SHEARWATER GROUP PLC

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

Acquisition of Crystal IT Services Limited

Continued expansion of Xcina

Shearwater Group plc (AIM: SWG), the digital resilience group, is pleased to announce that it has acquired the business and assets of Crystal IT Services Limited ("Crystal IT" or the "Business"), a Cardiff based provider of cyber security and business information technology solutions (the "Acquisition").

Founded in 2004 by its current Managing Director, Chris Benson, Crystal IT has a portfolio of customers including a number of small and medium enterprises and not-for-profit organisations, to whom it provides information, network and application security solutions, cyber essentials advice, and outsourced IT services and training for companies seeking compliance with the upcoming GDPR legislation.

As part of the Acquisition, the Business has been rebranded Xcina IS and will form a component of the Group's information security and assurance company, Xcina, augmenting its services capability. Chris will lead the rebranded Business and Shearwater will look to invest in Xcina IS to support its organic growth and meet the increasing demand for resilient information services from Xcina's expanding customer base.

For more information, please visit https://www.xcina.co.uk/is.

Michael (Mo) Stevens, Group Chief Executive Officer of Shearwater, commented: "I'm delighted to welcome Chris and the team to the Group. Since the launch of Xcina in July last year, the business has made fantastic progress in broadening and deepening its suite of capabilities. I look forward to seeing Crystal IT add to Xcina's service offering as we continue to develop Xcina into a leading information security and assurance company."

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

END

NRAFKPDNKBKBKQB

(END) Dow Jones Newswires

April 26, 2018 02:01 ET (06:01 GMT)

Aurum Mining (LSE:AUR)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Aurum Mining Charts.
Aurum Mining (LSE:AUR)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Aurum Mining Charts.