Drumz sees an increase following a new collaboration entered by its subsidiary.

Drumz, a provider of risk management services, saw its share price rise by 9% to 5.5p after disclosing that its subsidiary has formed a partnership with a notable cyber security company.

Acuity Risk Management has forged a new alliance with Nettitude, which will join Acuity’s network of partners, operating as a reseller of STREAM Integrated Risk Manager.

STREAM, as per an official announcement, offers a “holistic view of risk and compliance” by amalgamating cyber risk with IT and operational hazards.

Kerry Chambers, the Chief Commercial Officer of Drumz, stated, “In light of escalating regulatory demands globally, the combined knowledge of Nettitude and Acuity provides a significant opportunity for organisations to embrace an Integrated Risk Management approach, offering the essential clarity to steer through intricate risk environments.”

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