Crossword Cybersecurity firmly focused on growth as it eyes acquisitions and new products

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  • Crossword Cybersecurity raises GBP5mln in oversubscribed placing, announces GBP1.8mln acquisition plan
  • Cybersecurity: how to invest in a thriving sector amid rising cybercrime
  • Crossword Cybersecurity announce 1.8mln acquisition plan and raise GBP5mln in oversubscribed placing
Crossword Cybersecurity PLC - Crossword Cybersecurity gains momentum as it eyes Nixer launch

Quick facts: Crossword Cybersecurity PLC

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Crossword Cybersecurity plc focuses on commercialisation of university research-based cyber security and risk management software and cyber security consulting.

The company’s specialist cyber security software engineering team works with university partners to develop the research concept into a fully fledged commercial product that it then takes to market.

28 Jul 2021

() () raised GBP5mln through an oversubscribed placing of new shares ahead of the purchase of an unnamed threat intelligence and monitoring services company for up to GBP1.8mln.

The new shares were sold to investors at 30p each. The cash raised will be also be used to increase sales and marketing activities, product development and support and for general working capital purposes.

The planned acquisition will bring in 30 new clients, primarily in the financial services sector, taking the total number of fee-paying consulting customers to over 100.

“The target company is currently breakeven, with 75% recurring revenue,” investors were told.

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29 Jun 2021

() said Spotlight Sports Group halved the time it spends on supplier management and cut the costs of maintaining its ISO 27001 Information Security Management certification since installing the Rizikon Pro risk assessment platform.

Spotlight Sports, the owner of the Racing Post, needs to ensure it and its more than forty suppliers meet the governance, regulatory and compliance requirements said Crossword, and it wanted to automate the supplier management and onboarding processes.

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26 May 2021

() said it has acquired Verifiable Credentials Ltd (VCL), a provider of the Identiproof digital certification and documentation technology, for up to GBP2.75mln.

Under the deal, the AIM-listed firm said the purchase will consist of an initial payment of GBP100,000 in cash and GBP300,000 in shares, followed by GBP100,000 in shares payable on achievement of the first VCL commercial licence deal with the UK’s National Health Service or another UK government organisation.

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11 Jul 2021

The pandemic has been a bonanza for hackers, as the shift to remote working provided more chances to infiltrate into corporate systems with so much data uploaded to the cloud.

One of the latest major attacks, which first affected US firm Kaseya then over 200 companies in the world, has been described as “rare, if not unprecedented” for its scale and sophistication.

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28 Jul 2021

()’s () Mary Dowd joins Proactive London’s Katie Pilbeam after news of raising GBP5mln in an oversubscribed placing with news of a GBP1.8mln acquisition plan.

Dowd says ‘we’re really looking forward to our growth phase, we really feel this is a strong pivotal position for Crossword, with 25% revenue growth last year and plans to double that this year’.

The new shares were sold to investors at 30p each. The cash raised will be also be used to increase sales and marketing activities, product development and support and for general working capital purposes.

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Crossword Cybersecurity announce 1.8mln acquisition plan and raise GBP5mln in…

Crossword Cybersecurity PLC (AIM:CCS)’s (LON:CCS) Mary Dowd joins Proactive London’s Katie Pilbeam after news of raising GBP5mln in an oversubscribed placing with news of a GBP1.8mln acquisition plan.

Dowd says ‘we’re really looking forward to our growth phase, we really feel this is a strong…

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