Smarttech247 Group PLC on Thursday announced the signing of a new contract with an undisclosed prominent financial organisation.

The Cork, Ireland-based artificial intelligence-enhanced cybersecurity services provider said the new contract is worth €720,000 over a three-year period.

As part of the agreement, Smarttech247 will provide the customer with its VisionX managed detection and response capability as well as its customised governance, risk, and compliance services.

‘Smarttech247 will offer its client round-the-clock monitoring and rapid incident response, information security and risk capabilities, as well as data loss prevention solutions to ensure regulatory compliance and protection against imminent cyber threats,’ the company said.

Smarttech247 shares were down 3.2% to 18.40 pence each in London on Thursday afternoon.

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