ACRM.L

Acuity RM Group Plc
Acuity RM Group Plc - Acquisition
19th November 2024, 07:00
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This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue
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19 November 2024

Acuity RM Group PLC

("Company")

Acquisition

Acuity RM Group plc(AIM: ACRM), the risk management software group delivering
GRC SaaS solutions, is pleased to announce its wholly owned subsidiary Acuity
Risk Management Ltd ("Acuity") has acquired the Rizikon product including
software, IP and customer lists from Crossword Cybersecurity plc (in
Administration) ("Seller") for a cash consideration of £15,000.

Rizikon is an automated Third Party GRC software product which allows
organisations to track, manage and report on supplier compliance with company
policies by providing risk scorecards and compliance dashboards to report on
third-party risks, improving third-party assurance and risk management through
automated, secure and standardised systems leading to increased visibility of
suppliers.

For the year ended 31 December 2023 Rizikon generated revenues for the Seller of
£252,000.

One of the most important elements of the acquisition, in addition to the
expected material resultant growth in Acuity's revenues and customer base, is
the opportunity it affords Acuity to significantly increase its connectivity and
potential customer partnership with major organisations. In particular, as a
result of the acquisition of the Rizikon assets, an opportunity has immediately
arisen for Acuity to enter into direct commercial negotiations with two
significant organisations as partners to distribute both Rizikon and Acuity's
STREAM products. These potential new partners of Acuity, one of which is a
major defence contractor, have the capability to enable Acuity to grow new
customer numbers and revenues materially, over and above the Rizikon assets'
anticipated contribution to Acuity's overall future performance.

Angus Forrest commented: "I am delighted to announce the acquisition of the
Rizikon software product.  It should bring significant additional revenues as
well as new customers and partners; it also offers opportunities for upsell to
current and ex customers of Rizikon as the Company seeks to accelerate its
growth of Acuity. This is the first step in building the business by using a
focused acquisition to supplement the organic growth."

For further information:

Acuity RM Group plc                           020 3582 0566
Angus Forrest, Chairman                       https://www.acuityrmgroup.com
Zeus (NOMAD & Joint Broker)                   https://www.zeuscapital.co.uk
Mike Coe / Sarah Mather                       020 3829 5000
Peterhouse Capital Limited (Joint Broker)     020 7469 0936
Lucy Williams / Duncan Vasey
Clear Capital Markets Limited (Joint Broker)  020 3869 6080
Bob Roberts

Note to Editors

Acuity RM Group plc (AIM: ACRM), is an established provider of risk management
services. Its award-winning software platform, STREAM, which collects and
analyses data about organisations to improve business decisions and management,
is used by around 70 organisations in markets including government, utilities,
defence, broadcasting, manufacturing and healthcare.

The Company is focused on delivering long term, sustainable growth in
shareholder value from organic growth and complementary acquisitions.

This information was brought to you by Cision http://news.cision.com

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