Smarttech247 (S247) , an AI-enhanced cybersecurity company, announced the listing of its flagship VisionX product on Amazon Web Services (AWS) Marketplace.
VisionX is Smarttech247's AI-enabled managed detection and response platform. The platform is used in tandem with human-led monitoring to deliver a comprehensive security solution that combines AI/intelligent automation with traditional security, response, and monitoring.
"AWS's well-established, trusted platform allows us to showcase VisionX to a wider range of customers, demonstrating our commitment to delivering leading security solutions to a global audience." said Raluca Saceanu, CEO of Smarttech247.
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More positive news from Smarttech247, driving S247 shares 6.35% higher in early morning trade. Listing on the AWS Marketplace comes with a range of benefits, including exposure to a large customer base, streamlined purchasing processes, and scalability. Amazon's on-demand platform is popular with businesses and individuals seeking to harness the power of cloud computing without committing to the upfront and maintenance costs associated with conventional hardware infrastructure.
Smarttech247 recently joined forces with SentinelOne, another cybersecurity provider, to deliver comprehensive security solutions to businesses. The partnership combines Smarttech247's experience in cybersecurity consulting, managed detection and response (MDR) services, and threat intelligence with SentinelOne's autonomous security technology. The partnership should yield improved sales for both parties.
Smarttech247 is an exciting company to follow in the rapidly growing space of AI-enhanced cybersecurity. Following its listing on AIM in December 2022 that raised £3.7m, the cybersecurity company reported in its maiden interim results to 31 January 2023 higher revenues by 19.4% to €4.62m, adjusted EBITDA up by 59.7% to €1.15m, and cash at €7m from €2.36m on 31 July 2022.
The company also reported continued growth of its customer base with multiple new contracts signed, including a 3-year VisionX contract with a Fortune 150 US automotive retailer worth US$800k, a 3-year agreement with a large US tech worth US$400k, and a 2-year agreement with Irish University worth €450k.
Post period, Smarttech247 has expanded its order book further. An existing contract with a global pharma renewed for another year, worth US$615k, and a new 3-year contract worth €100k was signed with a climate solution company.
Smarttech247 CEO Raluca Saceanu discussed the results with Vox's Justin Waite in April. Click here for that conversation.
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