London-listed ECSC Group (AIM:ECSC) hailed five major contract wins spanning a range of sectors on Thursday morning.
The contracts have a combined revenue value in excess of £750,000, ECSC reported, and this will be recognised throughout the duration of the contracts which vary between one and three years.
The largest contract will provide cyber security monitoring and breach detection 24 hours a day, every day.
The contract was secured following ECSC's response to a major security incident within a chemical company, the statement detailed.
Three of the other four contracts will also utilise ECSC’s proprietary Kepler Artificial Intelligence technology managed from the UK and Australia.
Shares in ECSC Group were trading 12% higher at 140p on Thursday afternoon.
These three deals include a two year renewal from a household name in the retail sector, a three year contract with an IT group, and a one year extension contract with a financial services firm.
The remaining contract is a cyber security testing programme for a new client providing mobile payment solutions, the company explained.
“Following the new 2019 GDPR fines, clients are increasingly recognising the need for cyber security services,” said Ian Mann, Chief Executive Officer of ECSC.
He added, “Our strategy of winning consultancy clients, and developing them into long-term recurring managed services clients continues to be effective.”
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