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Defenx Plc

” New channel partner agreements for Defenx PLC across 6 European countries” Andrea Stecconi, CEO

Andrea Stecconi, CEO of Defenx plc, commented: “We are delighted with the progress we have made in 2016 so far. When we floated in December 2015, we outlined that the proceeds of the IPO would be used to accelerate our channel partnership network and we are very pleased to be able to report such success so quickly after our IPO.

“We continue to implement this strategy and look forward to extending our network into new territories, while maintaining our ability to compete with much larger market players.”

Defenx PLC (AIM:DFX), the mobile security software solutions company, has given DirectorsTalk an update on its recent channel partner expansion.

Itway SpA (MIL:ITW), a specialist digital solutions provider has agreed to sell Defenx Mobile Security Suite. Itway, which operates in six European countries and Dubai, reported revenues of EUR101 million in 2015.

In the mobile sector, Ringo.com, a Mobile Virtual Network Operator offering high quality, innovative mobile services to consumers and small business customers, has also started to sell Defenx Security and Cloud Backup solutions and MCR Media Group, a European leader in mobile value-added services to more than 30 carriers around the world, now also offers Defenx Mobile Security Suite.

These signings underline Defenx’s strategy to increase its market reach into new market segments across Europe.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.