RiverFort Global Opp (RGO.L) Purchase order under Smarttech 247 contract win

€6 million purchase order for Smarttech247 from major contract win

On 23 June 2021, RGO announced that its investee company, Smarttech247 had been awarded a multi-year contract for managed cyber security services by a Fortune Global-1000 advanced manufacturing company, employing over 100,000 staff. RGO is now pleased to announce that Smarttech247, has just been awarded a purchase order under this contract to the value of €6 million for plant level operational technology (“OT”) cybersecurity services.

OT is hardware and software that detects or causes a change through the direct monitoring and /or control of physical devices, processes and events in an enterprise. OT is common in industrial control systems.

As part of the contract, Smarttech247, will manage, advise and implement security measures and controls that aim to improve the prevention, detection, migration and response capabilities for OT systems as well as aligning them with regulatory requirements.

Smarttech247 is a global artificial intelligence (“AI”) based cybersecurity cloud business that protects enterprises as they migrate to cloud-based IT operations. Smarttech247 has over 100 technology partners, including Tanium and Crowdstrike, and 50 clients based in Europe and the US.

M ore information on Smarttech247 can be found on its website at https://www.smarttech247.com/.

Philip Haydn-Slater, Non-executive Chairman of RGO, said:

“This is a tremendous development for Smarttech so soon after winning this major contract.”

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