Smarttech247 Group PLC
S247
ISIN GB00BMGNDN03 / Valor 123586560
Smarttech247 Group PLC
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About company
Smarttech247 Group PLC specializes in providing Managed Detection and Response (MDR) solutions aimed at safeguarding organizations from evolving cyber threats. Recognized by Gartner in their 2024 Market Guide for MDR, the company offers a range of services including its NoPhish tool, which enhances phishing defense by enabling users to report suspicious emails easily, and VisionX, an integrated MDR platform that consolidates security risks and facilitates proactive threat detection and rapid incident response. Supported by a 24/7 Security Operations Center, Smarttech247 delivers comprehensive cyber resilience by streamlining security operations and ensuring continuous protection. The company's focus on advanced threat intelligence and efficient incident management has demonstrated significant return on investment, positioning Smarttech247 as a key player in the global cybersecurity market.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (06.10.2025):
Smarttech247 Group PLC has announced its financial update for the fiscal year ended 31 July 2024. The company projects a revenue increase of over 8% year-on-year, reaching in excess of €13 million, alongside significant growth in annual recurring revenue and robust client retention rates. Final audited results are expected in the second half of January 2025.
Revenue Growth
Smarttech247 anticipates FY2024 revenue to exceed €13 million, marking an over 8% increase compared to the previous year. This growth underscores the company's expanding market presence and effective business strategies.
Annual Recurring Revenue (ARR) Surge
The Group achieved a 50% increase in ARR on an unaudited run-rate basis, with ARR expected to comprise approximately 60% of total revenues. This highlights the company's success in securing long-term, sustainable revenue streams.
Client Retention Excellence
Smarttech247 reported a 100% client retention rate for Managed Detection and Response (MDR) clients in FY2024, demonstrating the high quality and reliability of its services.
Strategic Investments
Significant investments were made in research and development, sales capabilities, and operations in Romania. These investments are aimed at supporting future growth and capitalizing on emerging opportunities in the cybersecurity market.
Expansion and Partnerships
The company secured major new customer contracts across various sectors and established strategic partnerships with industry leaders such as Cisco, Google, AWS, and Splunk. Additionally, Smarttech247 expanded its geographical footprint into the Middle East and Switzerland.
Recognition and Awards
Smarttech247 was recognized as a vendor in the Gartner Market Guide for Managed Detection and Response for 2024, reinforcing its position as a leading provider in the cybersecurity industry.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6 M
Market cap (USD)
377,530
Daily traded volume (Shares)
0.109 / 0.109
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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