Falanx Group Ltd (LON:FLX) Chief Operating Officer John Blamire talks to DirectorsTalk about its latest contract for MidGARD, its significance, further overseas opportunities, the 3-year managed Cyber Security service contract and the outlook for MidGARD and for Falanx for the rest of the year.
Falanx Group Ltd, is a global intelligence and cyber defence provider working with blue chip and government clients. The Group listed on AIM in June 2013 under ticker FLX. Yesterday the group announced a new MidGARD service contract with a total revenue value of £700,000. An award-winning UK Top 20 International law firm has signed a 3-year managed service contract with Falanx to deliver advanced security monitoring of its entire global estate. The Board is also announced a newly awarded 3-year managed Cyber Security service contract. This contract is an expansion of the existing estate of a valued client resulting in its value growing from £250,000, to generate more than £380,000 of revenues.