Drumz plc (LON:DRUM) has today announced that, Acuity Risk Management Limited, in which Drumz has a 20% shareholding with an option to acquire a further 5%, has launched a significant upgrade to its STREAM™ Integrated Risk Manager software product which is used by private and public sector clients to manage their cyber security and other Enterprise risks.
STREAM™ delivers the agile, risk-based approach required to enable customers’ digital transformations and compliance with modern standards such as ISO 27001, NIST, PCI DSS and regulations such as GDPR. The STREAM™ platform provides seamless, modular, integration across multiple applications, including Health & Safety, Environmental, Business Continuity and Supply Chain.
There are two major changes in Version 5.7, which enhance the product and increase its market appeal and opportunity.
a. User engagement – V5.7 enables an unlimited number of users to interact with STREAM™ across the business and supply chain via simple, configurable and easy to use webforms. Where previous versions were used primarily by specialist teams, this innovation allows Acuity to supply an enterprise version enabling it to compete for contracts with the largest organisations.
b. Data storage – V5.7 integrates with Microsoft Azure – increasingly, privacy legislation requires data to be stored in specific territories and to certain standards. The integration with Azure increases the flexibility for hosting STREAM™ SaaS data, so making it a true global product.
A contract has been signed with a launch customer, a British television broadcaster; and there are negotiations in progress to upgrade several existing customers in the UK and North America, also new business opportunities.
Acuity’s sales team believes these new features will greatly increase the appeal of STREAM™ to larger organisations and combined with the established competitive advantages of speed and ease of deployment will assist them to win new and larger contracts. This should assist with increasing the average revenues per account.
Sales and marketing
New sales and marketing initiatives to accelerate development and presence in North America and Germany; particularly the North American market where Acuity has some trophy clients and is generating a significant number of sales opportunities.
Drumz plc also state that the Company is launching a new website this month to develop market awareness and image to appeal to larger organisations.