IN BRIEF: Acuity RM announces new contract with Sopra Steria

Acuity RM Group PLC - London-based risk management company - Wins contract worth £75,000 ‘to supply services to Sopra Steria who is ultimately serving the British government.’ Says it will deliver these services by the end of August, and that the contract is ‘an upsell for a highly sensitive cyber security programme’. Acuity says the programme has already yielded over £250,000 in revenue over the last three years. Says Sopra Steria will develop a product built on Classic STREAM, STREAM being Acuity’s governance, risk and compliance platform, which will be designed to help Sopra Steria’s government and defence clients meet ’Secure by Design’ cybersecurity requirements. ‘Given Sopra Steria’s established client base in these sectors, the board believes a partnership has the potential to deliver material value for Acuity,’ the firm says.

Acuity Chief Executive David Rajakovich comments: ‘While discussions with Sopra Steria are ongoing and no formal agreement has yet been reached, we believe this potential partnership represents a significant strategic opportunity for the group. Sopra Steria is a well-respected name in the government and defence sectors, and the prospect of Classic STREAM underpinning their Secure by Design offering is an exciting development. We look forward to providing further updates in due course.’

Current stock price: 0.89 pence, up 4.9% on Tuesday in London

12-month change: down 53%

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