WHK.ASX: $2.4M Contract Renewed with Top Global Social Media Company

$2.4M Contract Renewed with Top Global Social Media Company

Stock	Whitehawk Ltd (WHK.ASX)
Release Time	13 Dec 2024, 10:42 a.m.
Price Sensitive	Yes

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$2.4M Contract Renewed with Top Global Social Media Company

Key Points

2-year contract renewal for Third-Party Risk Platform Operations, Architecture and Cyber Risk Services, and Cyber Risk Data Integration Services
Contract valued at US$1.2M annually
Renewal highlights WhiteHawk's excellence in delivering Cyber Risk Services

Full Summary

WhiteHawk Ltd has announced the renewal of a 2-year, US$2.4M contract with a Top 5 Global Social Media Company for its Third-Party Risk Management (TPRM) services. The contract includes the following services: Third-Party Risk Platform Operations, Architecture and Cyber Risk Services, and Cyber Risk Data Integration Services. The contract is valued at US$1.2M annually. WhiteHawk's Executive Chair, Terry Roberts, commented that the renewal is 'both impactful and impressive' and that the company looks forward to further advancing the client's TPRM program, enabling digital age resilience for the global corporation. The announcement highlights WhiteHawk's expertise in delivering comprehensive cyber risk services to its clients.

Guidance

The 2-year contract is valued at US$1.2M annually, representing US$2.4M in total revenue over the contract period.