Reach - non regulatory announcement
17 January 2022
Drumz plc
('Drumz' or the 'Company')
Developments at Investee Company
Drumz plc (AIM:DRUM) is pleased to announce that, Acuity Risk Management Limited ('Acuity'), in which Drumz has a 25% shareholding has recently won several new customers for its STREAM™ Integrated Risk Manager ("IRM") software product which is used by private and public sector clients to manage their cyber security and other Enterprise risks. Two of these new wins and a new partnership in a consortium are described below:
A major broadcaster with global reach has adopted STREAM™ which it chose for the speed of onboarding and ability to provide a holistic, real-time view of risk, STREAM™ will help centralise this complex organisation's risk management approach and provide a tiered reporting methodology to be utilised in risk assessments for events of all sizes.
A multinational German industrial control and automation company that were looking to move beyond spreadsheets for risk management and protect their information in accordance with international best-practice led this global company to STREAM™. The product will help them establish and maintain an Information Security Management System (ISMS) certified to international standard ISO 27001, the most popular global standard for securing information assets.
The progress made demonstrates the efficacy of Drumz' strategy of delivering expertise combined with finance to fund the changes necessary to drive expansion and value enhancement.
Acuity is working with Athena, the UK's new national consortium for the space industry. Athena is a diverse and agile commercial coalition made up of Serco, Inmarsat, CGI in the UK and Lockheed Martin UK. Envisioned to grow and adapt for purpose, Athena is a principles-based alliance, with an aim of better forging relationships across the UK's space sector.
Acuity has joined the consortium as a partner, following a successful strategic partnership with CGI on several Critical National Infrastructure (CNI) and Defence projects.
| For further information please contact:
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| Drumz Plc | |
| Angus Forrest | +44 (0)20 3582 0566 |
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Note to Editors
Drumz plc
Drumz plc (AIM): DRUM) is an investing company focused on investing in and acquiring established software businesses that own good technology, have quality customers and which could better exploit their assets and accelerate their growth with the injection of experienced management and new funds.
Drumz will, where necessary, make available some of its experienced management team and provide finance to facilitate the necessary changes, so that the value of the businesses in which Drumz invests will be transformed over a two to four year period. In due course, the new Directors expect to dispose of such businesses, in whole or in part, in order to realise value for Drumz and its shareholders.
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