- Acuity RM Group
- 18 August 2025 09:40:35
Source: Sharecast
Acuity RM said its Vendor Management Hub, which was designed to manage third-party IT risks, targets a growing segment of the market concerned with supplier-related vulnerabilities.
Acuity RM said VMH was positioned as an entry-level solution for mid-market organisations, offering automated risk scoring, compliance tracking, and integration with Acuity's existing STREAMÒ platform.
The AIM-listed group noted that while the initial contract value was modest, it said the broader market opportunity was substantial, particularly among SMEs, which currently account for 68% of global Governance, Risk and Compliance revenues.
Chief executive David Rajakovich said: "VMH broadens Acuity's market opportunity into a wider arena - mid-market organisations that still need to manage third-party risk.
"It is a relatively inexpensive, entry-level product that appeals to any organisation serious about managing supplier cyber security risk. VMH is a natural starting point for launching a comprehensive cybersecurity solution."
As of 0940 BST, Acuity RM shares were down 5.67% at 1.06p.
Reporting by Iain Gilbert at Sharecast.com