Contract expansion with major UK telco
Summary by AI BETAClose X
5 November 2026
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 (as amended), which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018. Upon publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Shearwater Group PLC
("Shearwater", or the "Group")
c.£9.2m strategic contract expansion with major UK telecoms provider
Shearwater Group plc (AIM: SWG), the cybersecurity, advisory and managed security services group, is pleased to announce that its group company, Brookcourt Solutions Limited ("Brookcourt"), has secured a strategic three-year contract with a major UK telecommunications provider, with a total value of approximately £9.2 million.
The agreement represents a significant three-year expansion of Brookcourt's existing relationship with the UK telecoms provider and combines the extension of existing cybersecurity services, increased deployment across the customer's estate and the award of a new cloud security requirement following the displacement of an incumbent provider.
The agreement has a total value of approximately £9.2 million over three years, of which c.£ 3.0 million is expected to be recognised in FY27, supporting delivery of market expectations for the period with the remaining balance providing the Group with enhanced revenue visibility through to October 2029.
This contract demonstrates Brookcourt's ability to expand within major enterprise customers, moving beyond individual technology deployments to support a broader range of cybersecurity requirements, and further strengthens Brookcourt's position within the UK telecommunications sector. It also showcases the potential to win new areas of cybersecurity spend within established accounts, increasing the scale and value of long-term customer relationships.
Phil Higgins, Chief Executive Officer of Shearwater Group plc, commented:
"This is a strategically important award for Brookcourt and an excellent example of the model we are building across the Group. Our strategy is not simply to win individual technology contracts, but to establish trusted positions within major organisations and then expand those relationships by addressing a broader range of their cybersecurity requirements.
Importantly, it also strengthens our long-term revenue visibility and further embeds Brookcourt within one of the UK's major telecommunications providers. We believe there remains significant opportunity to replicate this approach across our wider customer base, particularly within telecommunications, financial services, government and other large enterprises where cybersecurity requirements continue to grow in scale and complexity."
Enquiries:
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Shearwater Group plc Phil Higgins, CEO Jonathan Hall, CFO
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www.shearwatergroup.com c/o Alma |
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Cavendish Capital Markets Limited - NOMAD Adrian Hadden / Ben Jeynes - Corporate Finance Dale Bellis / Michael Johnson - Sales
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+44 (0) 20 7397 8900 |
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Alma Justine James / Joe Pederzolli / Emma Thompson |
+44 (0) 20 3405 0205 |
About Shearwater Group plc
Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.
The Group's differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.
The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.
Shearwater shares are listed on the London Stock Exchange's AIM under the ticker "SWG". For more information, please visit www.shearwatergroup.com.
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