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LONDON - Cybersecurity services provider Smarttech247 Group PLC (AIM:S247) has secured new contracts and renewals valued at approximately €1.53 million, the company announced Tuesday.
The multi-award-winning provider of AI-enhanced cybersecurity services has obtained agreements spanning periods of six months to three years across various sectors including healthcare, aviation, automotive, and banking.
Among the new contracts is a three-year managed detection and response (MDR) agreement with a major Irish hospital group valued at €210,000. The company has also secured a six-month 24/7 VisionX MDR contract with a global aviation services business worth approximately €180,000, which may be renewed for up to three additional years after its expiration in January 2026.
Smarttech247 also renewed a yearly contract with an existing automotive client worth €1 million for threat detection capabilities that leverage Armis as a key third-party product.
Additional agreements include two new three-year email security contracts for the company’s NoPhish solution with a major Irish hospital and an Irish bank subsidiary, worth a combined €53,000, as well as a contract extension with an Irish hospital valued at €92,000 over three years for network security products.
"These contracts demonstrate our commitment to delivering scalable, high-impact cybersecurity services across a variety of critical sectors, while supporting our growth strategy through increasing our annual recurring revenue," said Raluca Saceanu, CEO of Smarttech247, in the press release.
The company stated that these recent contract activities highlight the capabilities of its flagship VisionX MDR platform in delivering real-time threat detection and response, as well as its NoPhish solution for protection against malicious email threats.
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