Acuity RM Group PLC on Tuesday said its subsidiary Acuity Risk Management Ltd won a new three-year contract.

The London-based provider of risk management services said the £85,000 contract is for the use of Acuity’s software platform by a new client to manage their cyber security and other enterprise risks.

The unnamed client is a multi-national telecommunications business. Acuity anticipates the contract to lead to further contracts with this customer.

Acuity RM Chief Executive Officer Angus Forrest said: ‘Acuity often wins a small first order with a new customer which after a few months results in new business opportunities and we are confident that this will be the case in this instance.’

Acuity RM shares were 1.9% lower at 5.15 pence each on Tuesday around midday in London.

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