Shearwater Group Secures £9.2 Million Cybersecurity Contract Expansion with Major UK Telecoms Provider

Shearwater Group plc (LSE:SWG) has secured a three-year cybersecurity contract expansion worth approximately £9.2 million through its subsidiary Brookcourt Solutions Limited, extending an existing commercial relationship with a major UK telecommunications provider.

The agreement includes the continuation of existing cybersecurity services, additional technology deployments across the customer’s operations and a new cloud security contract previously held by another supplier.

Contract Expected to Contribute £3 Million in FY2027

Shearwater expects approximately £3 million of the contract’s total value to be recognised as revenue during the financial year ending 2027, supporting delivery of current market expectations.

The remaining contract value is expected to provide revenue visibility through October 2029.

The agreement expands the range of cybersecurity services Brookcourt provides to the telecommunications customer, incorporating both existing security infrastructure and additional cloud security requirements.

Brookcourt Expands Services Within Existing Customer Relationship

The contract builds on Brookcourt’s established relationship with the UK telecommunications provider, increasing the scope of services delivered under a three-year arrangement.

The cloud security component represents a new area of business for Brookcourt, following the replacement of the customer’s previous supplier.

Shearwater said the agreement reflects its strategy of expanding cybersecurity services within existing enterprise accounts rather than relying exclusively on new customer contracts.

Shearwater Targets Further Enterprise Contract Expansion

Chief Executive Officer Phil Higgins said the contract supports the group’s approach to developing longer-term customer relationships across multiple cybersecurity services.

Management identified telecommunications, financial services, government and other large enterprises as sectors where it sees opportunities to expand existing customer arrangements.

The company said the latest agreement increases its contracted revenue coverage through October 2029.

More About Shearwater Group

Shearwater Group plc (LSE:SWG) provides cybersecurity technology, advisory services and managed security solutions. Its subsidiary Brookcourt Solutions Limited supplies cybersecurity products and services to enterprise customers, including organisations in the UK telecommunications sector.