Drumz plc (LON:DRUM) has announced today that, Acuity Risk Management Limited, in which Drumz has a 20% shareholding with an option to acquire a further 5%, has secured a contract worth a total of £330,000.
The new contract with a non departmental public body of the UK Government is worth £305,000 over three years for software licences and £25,000 in the first year for consulting.
Simon Marvell, CEO of Acuity, said “We are delighted to win this significant contract. It shows the confidence that large organisations have in Acuity and our STREAM™ product as a long term solution for their risk management. Also, it demonstrates the rising value of orders won.”
Drumz plc CEO Angus Forrest said “This substantial order is a tribute to the successful implementation of the programmes to develop the STREAM product into an enterprise solution also the development of the marketing and sales programmes. We look forward to announcing further contract wins as Acuity grows its market share.”