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Month: June 2021

SmartTech247 – New Contract Win

Posted on by shardadmin

RNS Number : 6345D | Sure Ventures PLC | 30 June 2021

Sure Ventures plc (‘Sure Ventures’ or ‘the Company’)

SmartTech247-New Contract Win

 

Sure Ventures is a London listed venture capital fund which invests in early stage software companies in the rapidly growing technology areas of Augmented reality (‘AR’), Virtual reality (‘VR’), Internet of Things (‘IoT’) and Artificial Intelligence (AI). We are pleased to announce and update on an investee company in Smarttech247.

SURE VALLEY VENTURES FUND

Sure Ventures made a €7million commitment to Sure Valley Ventures Fund (‘Sure Valley’) representing an interest in Sure Valley of approximately 25.9%.  This commitment was made at a price of €1.00 per share.

Smarttech247-https://www.smarttech247.com/

Sure ventures is pleased to provide an update on recent investment (Via Sure Valley Ventures) in Smarttech247 and Smarttech247’s €6m order from a global manufacturing firm.

Smarttech247 (incorporated in the Republic of Ireland as Zefone Limited) is a global artificial intelligence (“AI”) based cyber security cloud business that protects enterprises as they migrate to cloud-based IT operations. Smarttech247 has over 100 technology partners, including Tanium and Crowdstrike, and 50 clients based in Europe and the US.

Smarttech247 has announced that it has been awarded a purchase order with the value of €6 million for plant level Operational Technology (“OT”) cyber security services, with respect to the contract announced by the Company on 24 June 2021.

 OT is hardware and software that detects or causes a change through the direct monitoring and/or control of physical devices, processes and events in an enterprise. OT is common in Industrial Control Systems (ICS) such as a SCADA System.

 As part of the contract, Smarttech247 will manage, advise and implement security measures and controls that aim to improve the prevention, detection, mitigation, and response capabilities for OT systems, as well as aligning with regulatory requirements.

 Further information on Smarttech247 can be found on its website at  https://www.smarttech247.com/

Gareth Burchell, Sure ventures

” The fact that this RNS has come so shortly after the last announced contract win shows the pace at which the cyber security market and Smarttech247’s pipeline is moving. The threat to Businesses, public sector organisations and governments is increasing significantly. It is clear that Smarttech247 has the technical capability, the bandwidth and global reach to begin to take advantage of this growth”.

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell Sure Ventures plc +44 (0) 20 7186 9918

Sure Ventures PLC – SmartTech247-New Investment and Contract Win

Posted on by shardadmin

RNS Number: 2868D | Sure Ventures PLC | 28 June 2021

Sure Ventures plc (‘Sure Ventures’ or ‘the Company’)

SmartTech247-New Investment and Update on major contract win

 

Sure Ventures is a London listed venture capital fund which invests in early stage software companies in the rapidly growing technology areas of Augmented reality (‘AR’), Virtual reality (‘VR’), Internet of Things (‘IoT’) and Artificial Intelligence (AI). We are pleased to announce and update on an investee company in Smarttech247.

SURE VALLEY VENTURES FUND

Sure Ventures made a €7million commitment to Sure Valley Ventures Fund (‘Sure Valley’) representing an interest in Sure Valley of approximately 25.9%.  This commitment was made at a price of €1.00 per share.

Smarttech247-https://www.smarttech247.com/

Smarttech247 is an established company in cyber security management with a successful track record of revenue growth and profitability and is positioned at the intersection of three major cyber security growth markets:

  • Security threat incidents
  • Growth of cloud adoption amongst both large and small-medium enterprises
  • Proliferation of cyber security data generation that needs to be integrated

Smarttech247 (incorporated in the Republic of Ireland as Zefone Limited), is a global artificial intelligence (“AI”) based cyber security cloud business that protects enterprises as they migrate to cloud-based IT operations. Smarttech247 has over 100 technology partners, including Tanium and Crowdstrike, and 50 clients based in Europe and the US.

Smarttech247 has announced that it has been awarded a multi-year contract for managed cyber security services by a global advanced manufacturing company, employing over 100,000 staff and a leading member of the Fortune Global-1000.  The contract was awarded to support strategic cyber security initiatives and ensure compliance to the latest industry regulated cyber security standards.

This contract will see the cybersecurity services provider deploy its managed detection and response offering which combines the Artificial Intelligence and automation of security tools with Smarttech247’s own 24/7 Cyber Security Operations Centres. This is material contract win for the business.

Gareth Burchell Sure Ventures PLC

“Smarttech247 is an excellent addition to the portfolio, in a space that is becoming more prevalent and critical to all sectors. Cyber security attacks are becoming more common and require specialist, intelligent and AI based software to keep up with change. The contract win is material and landed soon after our initial investment. The pipeline continues to look strong for Smartech247 and we look forward to keeping the market up to date with progress.”

For further information, please visit www.sureventuresplc.com or contact:

Gareth Burchell

Sure Ventures plc

+44 (0) 20 7186 9918

Issue of Equity

Posted on by shardadmin

RNS Number : 0853B | Sure Ventures PLC
08 June 2021

 

Issue of Equity

Sure Ventures plc (“the Company”) is pleased to announce that it has raised gross proceeds of £ 662,500 by way of a private placing. The Ordinary Shares have been issued at 100p each, which after the costs and expenses of the issue represents a premium to the last published NAV per share of 92.06p per share as at 31 March 2021.

The money will be used for further investments, follow-on investment in the exiting portfolio and for general working capital purposes.

Application has been made in respect of 662,500 Ordinary Shares to be admitted to trading on the Specialist Funds Segment of the Main Market of London Stock Exchange plc (“Admission”). Admission will become effective and dealings in the Ordinary Shares will commence at 8:00 a.m. (London time) on and around the 14th June 2021.

Following Admission, the Company will have 6,013,225 Ordinary Shares in issue. The total number of voting rights of the Company will be 6,013,225. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

 

For further information, please contact:

Issuer: Sure Ventures plc – Gareth Burchell – 0207 186 9900

Placing Agent: Shard Capital Partners LLP – Damon Heath – 0207 186 9900