Business
Getvisibility signs distribution agreement
Getvisibility signs distribution agreement.
About this update from Mindflair Plc
[{"type":"text","content":"\n \n \n RNS Number : 7105V\n Pires Investments PLC\n 11 August 2020\n \n \n \n \n 11 August 2020\n \n \n \n \n \n Pires Investments plc\n \n \n (\"Pires\" or the \"Company\")\n \n \n \n \n \n Getvisibility signs public sector distribution agreement with immixGroup \n \n \n \n \nPires Investments plc (AIM: PIRI), the investment company focused on next generation technology, is pleased to provide an update on its investment in\n Getvisibility, an artificial intelligence data management and security company that Pires is invested in, both directly and through its 13% investment in Sure Valley Ventures (\"SVV\").\n \n \n \n \n \n On 7 August 2020, Getvisibility announced that it had signed a public sector distribution agreement with immixGroup, the leading value-added distributor of enterprise IT for the U.S. public sector. The agreement will allow Getvisibility to grow its public sector business, accelerate sales cycles, and operate more efficiently in the government market. Federal agencies will also be able to deploy Getvisibility products on-premises and into their existing cloud infrastructure. \n \n \n \n \n \n New regulations and legislation such as Cybersecurity Maturity Model Certification (CMMC) and the U.S. Federal Information Technology Acquisition Reform Act are challenging public entities to upgrade ageing IT systems with innovative technologies that better protect data and save billions in taxpayer dollars. Getvisibility, now available through immixGroup's portfolio of contract vehicles, can be used by federal agencies to help transform and modernise their data security. \n \n \n \n \n \n As a comprehensive enterprise data security and classification solution, Getvisibility is designed to address demanding use cases and help ensure regulatory compliance.\n \n \n \n \n \n Pires has a circa 13% interest in SVV which is a venture capital fund focused on investing in the software technology sector with a specific focus on artificial intelligence, the internet of things and augmented and virtual reality.\n \n \n Peter Redmond, Chairman of Pires commented:\n \n \n \n \n \n \"We are delighted with Getvisibility's agreement with immixGroup, which is expected to deliver a significant increase in business for Getvisibility. With the changing landscape of cybersecurity regulations...