Be sure to check our sister interview main ratings news website

Drumz investee Acuity Risk Management launches significant upgrade to its STREAM IRM software product

Drumz plc (LON:DRUM) has announced that, Acuity Risk Management Limited, in which Drumz has a 20% shareholding with an option to acquire a further 5%, has launched a significant upgrade to its STREAM™ Integrated Risk Manager software product which is used by private and public sector clients to manage their cyber security and other Enterprise risks. 

STREAM™ delivers the agile, risk-based approach required to enable customers’ digital transformations and compliance with modern standards such as ISO 27001, NIST, PCI DSS and regulations such as GDPR.  The STREAM™ platform provides seamless, modular, integration across multiple applications, including Health & Safety, Environmental, Business Continuity and Supply Chain.

Product

There are two major changes in Version 5.7, which enhance the product and increase its market appeal and opportunity.

a.  User engagement – V5.7 enables an unlimited number of users to interact with STREAM™ across the business and supply chain via simple, configurable and easy to use webforms.  Where previous versions were used primarily by specialist teams, this innovation allows Acuity to supply an enterprise version enabling it to compete for contracts with the largest organisations.

b.  Data storage – V5.7 integrates with Microsoft Azure – increasingly, privacy legislation requires data to be stored in specific territories and to certain standards.  The integration with Azure increases the flexibility for hosting STREAM™ SaaS data, so making it a true global product.

A contract has been signed with a launch customer, a British television broadcaster; and there are negotiations in progress to upgrade several existing customers in the UK and North America, also new business opportunities.

Acuity’s sales team believes these new features will greatly increase the appeal of STREAM™ to larger organisations and combined with the established competitive advantages of speed and ease of deployment will assist them to win new and larger contracts.  This should assist with increasing the average revenues per account.

Sales and marketing

New sales and marketing initiatives to accelerate development and presence in North America and Germany; particularly the North American market where Acuity has some trophy clients and is generating a significant number of sales opportunities.

Also, the Company is launching a new website this month to develop market awareness and image to appeal to larger organisations

More information on Acuity can be found via the following link https://www.acuityrm.com

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn

More articles like this

Managing your weakest link: Supply chain risk management

22nd January 2021

In today’s interconnected digital economy, every business engages with other organizations for goods and services. Our ecosystems are more global and more diverse than at any previous point in history. And while these relationships often come

Cut risks, curb costs: The benefits of controls assurance

18th January 2021

Businesses face risks on many fronts, particularly in cybersecurity, for which Gartner predicts spending will grow by 2.4% in 2020 despite the pandemic. Executive leadership knows that these risks must be managed, but wants reassurance that mitigation efforts

‘Compliance isn’t security’: 5 keys to a better approach

15th January 2021

To reassure themselves and their stakeholders that they are properly responding to cybersecurity threats, many organizations rely on audits that demonstrate they’re adhering to compliance mandates and therefore addressing such risks. Indeed, a study by IDG found that

How STREAM supports DfE Requirements

11th January 2021

The Department for Education (DfE), formerly the Department for Children Schools and Families, selected Acuity’s STREAM Integrated Risk Manager product in mid 2007 to support its ISO 27001 based Information Security programme. Acuity’s STREAM Integrated Risk

Fujitsu STREAM success story

5th January 2021

Fujitsu designs, builds and operates IT systems and services for large scaleclients across all sectors in Europe, the Middle East and Africa. In order to meet the rigorous demands of its customer, Fujitsu needed to identify

Bringing clarity to risk

23rd December 2020

Globalization, digital transformation and shared service models are driving companies to rethink their approach to risk and compliance. Traditional methods are falling short, leaving companies exposed. A more comprehensive approach is needed to manage the growing

Customisation and implementation of Carl Zeiss AG

17th December 2020

Founded in 1846, Carl Zeiss AG is an international front-runner in the world of optics and optoelectronics. Since its founding, the company has successfully expanded worldwide, resulting in its presence in over 40 countries, with over

Midland States Bank customer interview

7th December 2020

Midland States Bank (MSB) is an Illinois-based $4.5 billion financial services company that is one of the state’s largest banks outside of Chicago. The bank uses Acuity’s STREAM to manage compliance with the COSO 2013 framework.

LanguageLine Solutions success story

30th November 2020

LanguageLine Solutions UK has been providing interpretation, translation, and localisation services for over 35 years. They are a trusted supplier to a wide range of public and private sector organisations, in the UK and across the

European Data Hub case study

27th November 2020

European Data Hub is a state-of-the-art data center situated in the heart of Luxembourg. It offers nearly 5,500 m2 of IT space divided into private areas ranging from 20 m2 to 1,000 m2 each. Beyond being

Bringing clarity to risk

24th November 2020

Globalization, digital transformation and shared service models are driving companies to rethink their approach to risk and compliance. Traditional methods are falling short, leaving companies exposed. A more comprehensive approach is needed to manage the growing

Drumz raises £500,000 through placing

24th November 2020

Drumz plc (LON:DRUM) has announced that its joint broker Peterhouse Capital, has raised £500,000 before expenses through the issue of 90,909,091 ordinary shares of 0.1p each at an issue price of 0.55 pence each.  Investors in

© 2023 – DirectorsTalk. All rights reserved. Reproduction in whole or in part, in any form or medium without express written permission is prohibited.