Shearwater portfolio company secures contract with FTSE 100 group

AIM-listed digital resilience group Shearwater said on Tuesday that its portfolio company, Xcina, has been appointed as an approved supplier of data and information assurance solutions to a global FTSE 100 company, and has won an initial payment card industry data security standard architecture review contract worth £0.2m.

As part of the contract, Xcina will help the customer to assess its PCI DSS card data payment environment with a view to ensuring that the customer meets its upcoming compliance audits in both the UK and US, and serves to highlight the applicability of Xcina's information and cyber security solutions across corporate customers of all sizes.

Chief executive Michael Stevens said: "This is an important milestone for Xcina and we are really pleased with the progress the company has made since we launched the business in July last year. Becoming an approved supplier to a global FTSE 100 company is testament to the quality of the Xcina team and the solutions the business is able to offer its continually expanding customer base."

At 1020 BST, Shearwater shares were down 0.9% to 3.10p.