RCS - Smarttech247 Group - Smarttech247 recognised in Gartner’s Market Guide

Smarttech247Announcement

25/06/2024 07:00

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RNS Number : 6816T  Smarttech247 Group PLC  25 June 2024

Reach Announcement

25 June 2024

Smarttech247 Group PLC

 

("Smarttech247", the "Group" or the "Company")

 

Smarttech247 recognised in Gartner's Market Guide for Managed Detection and
Response Services

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced
cybersecurity services providing automated managed detection and response for
a portfolio of international clients, is pleased to announce it has been
included in the Market Guide for Managed Detection and Response (1) produced
by Gartner, a leading research and advisory company. The yearly report has
become the recognised industry guide for buyers considering managed detection
and response ("MDR") service providers.

 

Gartner's report emphasises the importance of human led MDR, speed and service
predictability and the need to go beyond reactive security measures with
proactive threat hunting and exposure management.  These all align with
Smarttech247's offerings.

 

Smarttech247's technology agnostic VisionX platform using AI, via Aio, its AI
Assistant, integrates advanced security technologies with expert human
analysis, ensuring comprehensive threat detection and response capabilities
tailored to business-driven risk requirements.

 

Smarttech247 excels in providing MDR services that are quick to deploy and
operate, with its high-touch support organisations accelerate their security
operations capabilities without compromising on effectiveness.

 

Smarttech247's MDR offering goes beyond reactive measures by integrating
proactive threat hunting and exposure management with a data-centric approach,
thereby enhancing overall cyber resilience and efficiency.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to be named as a representative vendor for MDR in Gartner's
latest report. As the report recognises, the global MDR market is estimated to
be worth USD 4.1 billion in 2024 and is projected to reach USD 11.8 billion by
2029, a CAGR of 23.5%. Here at Smarttech247 we recognise this and continue to
evolve and adapt our MDR platform, VisionX, to keep ahead of cyber threats,
ensuring our clients have effective mitigation and threat detection at all
levels."

 

-Ends -

(1) Gartner Market Guide for Managed Detection and Response Services, Pete
Shoard, Andrew Davies, Mitchell Schneider, Angel Berrios, Craig Lawson. 24
June 2024

 

For further information please contact:

 

 Smarttech247 Group PLC                               Tel: +353 21 206 6033
 Ronan Murphy, Executive Chairman

 Raluca Saceanu, Chief Executive Officer

 Nicholas Lee, Finance Director
 SPARK Advisory Partners Limited - Nominated Adviser  Tel: + 44 (0) 20 3368 3550
 Mark Brady / Adam Dawes
 Shard Capital - Joint Broker                         Tel: +44 (0) 20 7186 9900
 Damon Heath
 Fortified Securities - Joint Broker                  Tel: +44 7493 989014
 Guy Wheatley, CFA
 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

 Charles Goodwin / Annabelle Wills / Bessie Elliot

 

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About Smarttech247

 

Smarttech247 is a multi-award winning automated MDR (Managed Detection &
Response) company. Its platform is trusted by international organisations and
provides threat intelligence with managed detection and response to provide
actionable insights, 24/7 threat detection, investigation and response.

 

The Group's services are geared towards proactive prevention, and it achieves
this by utilising the latest technologies, along with an experienced incident
response team. In recognition of its innovative technology, Smarttech247 was
named by Chambers Ireland InBusiness Recognition Awards as Cyber Security
Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland
and the USA. The Company was admitted to trading on the London Stock Exchange
on 15 December 2022.

 

For further information please visit www.smarttech247.com
(http://www.smarttech247.com)

 

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