Drumz Plc Investment and Update
06 Septembre 2021 - 8:00AM
UK Regulatory
TIDMDRUM
6 September 2021
Drumz plc
('Drumz' or the 'Company')
Further Investment and Update
Further investment
Drumz plc (AIM:DRUM) is pleased to announce that Drumz has exercised its option
to acquire a further 5% in Acuity Risk Management Limited ('Acuity'), in which
Drumz already has a 20% shareholding, thereby increasing its shareholding to
25%, for a cash consideration of £125,000.
Acuity's product STREAMT is an Integrated Risk Manager ("IRM") software
product. STREAMT is used by private and public sector clients to manage their
cyber security and other enterprise risks.
Update on Acuity
Gartner, the global research and advisory firm, has identified Acuity and its
product STREAMT in major reports in 2021.
* Gartner Peer Reviews on IT Risk Management - STREAMT is the number one
product
* Gartner survey on Hype CycleT for Cyber and IT Risk Management, 2021 covers
Acuity and STREAMT.
Acuity has launched a significant upgrade to STREAMT which offers users
enhancements for productivity, workflow, user management, security and
audit. Additionally, Acuity has secured ISO 27001 status, the international
standard for management and protection of information assets and security.
Additionally, Acuity has been shortlisted for 'Cyber Security Solution of the
Year' in the National Technology Awards, 2021.
Acuity's business continues to expand, there have been two recent new business
wins with a value of approximately £250,000.
Angus Forrest, Chief Executive of Drumz said:
"Cybersecurity continues to grow in importance as organisations transform using
digital products and services. We are pleased with the progress made by Acuity
since our initial investment, all aspects of the business have been
strengthened with further developments in progress. Increasing Drumz'
shareholding represents a further endorsement of the management team at Acuity
and I am greatly encouraged that expert commentators such as Gartner continue
to rate Acuity's STREAMT product extremely highly."
This announcement includes inside information as defined in Article 7 of the
Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the
Company's obligations under Article 17 of those obligations.
For further information please
contact:
Drumz Plc www.drumzplc.com
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Sarah Mather 020 7220 1666
Peterhouse Capital Limited (Joint
broker)
Lucy Williams / Duncan Vasey 020 7469 0936
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.
END
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