Smarttech247 Group PLC announced the launch of its mid-market managed detection and response solution as part of its VisionX platform.

Smarttech247 is a Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider, and VisionX is its managed detection and response platform which provides ‘around-the-clock security orchestration’, according to the company.

It said the latest solution is specifically designed to protect mid-sized businesses, i.e. companies of 50 to 2,000 employees, from the ‘ever-evolving cyber threats faced by all companies’.

Smarttech247 said the product combines proprietary AI technology with a 24/7 incident response team, including annual cyber readiness exercises and reporting.

Forrester Consulting estimates that the VisionX product can provide customers with more than 300% return on investment within six months, Smarttech247 noted.

‘With this launch, Smarttech247 is extending its robust cybersecurity framework to wider markets, whilst also contributing to the overall resilience of the digital economy as mid-sized businesses, who often lack resources, can now benefit from the same level of security which is often only available to larger enterprises,’ said Chief Executive Offcier Raluca Saceanu.

‘Our newest solution will allow our existing and new mid-sized customers to access cybersecurity capabilities without the need to invest in expensive technologies to set up their own Security Operations Centre as we continue to invest in our goal of democratising advanced cyber security solutions.’

Shares in Smarttech247 were untraded at 20.50 pence each in London on Monday afternoon.

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