6 November 2024
Microlise Group plc
("Microlise", the "Company" or the "Group")
Update on Cyber Security Incident
Microlise Group plc (AIM: SAAS), a leading provider of SaaS based transport technology solutions to fleet operators, reports an update on the cyber security incident announced on 31 October 2024.
The Company is pleased to say that it is making substantial progress in containing and clearing the threat from its network. The Company has been bringing services back online and currently expects this to continue over the coming days with the services essentially back to normal by the end of next week.
Investigations into the incident are continuing, however, the Company is confident that no customer systems data has been compromised. The investigations to date have identified that some limited employee data has been impacted by the incident. Those individuals that may have been impacted will be notified in line with the Company's regulatory obligations and the relevant authorities are being made aware including the Information Commissioner's Office in the UK.
As matters currently stand, the Company remains of the view that this incident will not have a material adverse impact on its forecasts or financial position.
The Company will inform the market if there are any notifiable changes to the situation.
Once again, Microlise would like to thank customers for their patience and understanding while it continues to work to resolve this issue as quickly as possible.
For further information, please contact:
| Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO
| C/O SEC Newgate |
| Singer Capital Markets (Nominated Adviser & Broker) Steve Pearce / James Moat / Sam Butcher
| Tel: 020 7496 3000 |
| SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside
| Tel: 020 3757 6880 Email: microlise@secnewgate.co.uk |
About Microlise
Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.
Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 463 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 750.
Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.
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