London-listed Two Shields Investments (AIM:TSI) announced on Monday a partnership between BrandShield and BRANDIT to provide online threat hunting services to the European market for leading brands and enterprises.
Two Shields currently holds an 11.34% equity stake as well as $800k worth of CLN subscriptions in global cyber security firm, BrandShield.
The joint proposition between the two parties will offer “a holistic solution” by allowing European SMEs to use a range of services to enable ‘a new layer of protection’ online.
The deal is in response to the spread of online counterfeiting which has risen as global advancements in technology and communication continue to surge.
Research and Markets' 2018 Global Brand Counterfeiting Report revealed that businesses around the world lost $323 billion in sales due to online counterfeit sales in 2017.
Assuming a similar growth pattern, the report revealed that the figure could rise to almost $500 billion in 2020.
Shares in Two Shields Investments were trading 5.88% higher at 0.135p on Monday morning.
“BrandShield addresses this challenge by bringing a totally different level of detection and automation to this market plus a very agile mindset to improving their technology,” said Jesper Knudsen, Chief Executive and Founder of BRANDIT.
Andrew Lawley, Chairman of TSI said the partnership will open up a new route to market to add “further momentum” to BrandShield’s trajectory to deliver significant growth “for a further successive year.”
As previously announced by TSI, BrandShield intends on its own public listing on a London Exchange in the early part of 2020, a process that TSI is actively assisting them with.
Separately, the company also announced the completion of its sale of lithium assets in Nashwan Holdings and Mansa Lithium to Leopard Lithium.
Following the completed acquisition from the Australian private firm, TSI now holds a total of 531 shares in Leopard Lithium, representing approximately 26.5% of Leopard Lithium's share capital.
“We remain strongly of the opinion that this course of action will ensure the best possible outcome for TSI shareholders in relation to these assets,” Lawley added.
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