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Alithya Awarded a Multi-Year Contract With a C$10M Initial Value for Operational Technology Cyber Security Services

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On May 6, 2021, Alithya Group (TSX: ALYA) announced a multi-year contract valued initially at C$10 million for Operational Technology cyber security consulting services aimed at the North American manufacturing and utilities sector. The contract focuses on enhancing cyber security measures and compliance with industry standards amid rising cyber threats. Alithya, with over 3,000 professionals across Canada, the US, and Europe, emphasizes its expertise in cyber security to strengthen clients' security postures. The initiative is part of Alithya's commitment to improve the resilience of critical operational systems.

Positive
  • Secured a multi-year contract worth C$10 million, enhancing revenue prospects.
  • Focus on Operational Technology cyber security aligns with increasing industry demand due to rising cyber threats.
  • Leverages existing expertise in regulatory compliance to strengthen service offerings.
Negative
  • None.

TORONTO, May 6, 2021 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) (« Alithya »), a strategy and digital transformation leader with more than 3,000 professionals in Canada, the United States and Europe, announced that it has been awarded a multi-year contract with a C$10 million dollars initial value for plant level Operational Technology cyber security consulting services in the North American manufacturing/utilities sector. The contract was awarded to support strategic cyber security initiatives and ensure compliance to the latest industry regulated cyber security standards.

Quote by Ryan Simpson, Vice President, Consulting Services, Engineering, at Alithya:
"Alithya is excited to provide services in an area that has become critical to all industries. Our expertise in Operational Technology cyber security is unmatched, and we look forward to leveraging our wealth of expertise to help our customers strengthen their security posture. The frequency of cyber attacks is increasing exponentially, and as operational plants continue to be targeted worldwide for cyber attacks, it is more important than ever to ensure a secure "defence in depth" strategy to prevent breaches for facilities that provide essential services."

Areas of work within the contract will build upon existing cyber security practices in a continual effort to improve the prevention, detection, mitigation, and response capabilities for process systems, while aligning with regulatory requirements.

Alithya's portfolio includes decades of work in regulatory compliance, including assisting other top tier customers to identify and address cyber security challenges, and to implement strategies to improve system resilience.

To learn more about Alithya's end-to-end Operational Technology cyber security services, visit https://www.alithya.com/en/cyber-security.

About Alithya
Alithya is a North American leader in strategy and digital transformation. The company employs more than 3,000 professionals in Canada, the US and Europe. Alithya's integrated offer is based on four pillars of expertise: business strategies, enterprise solutions, application services, and data and analytics. Alithya deploys leading-edge solutions, services, and skills to develop tools designed to meet the unique needs of customers in a variety of sectors, including financial services, manufacturing, renewable energy, telecommunications, transport and logistics, professional services, healthcare and government. For more information on Alithya, visit www.alithya.com.

Cision View original content:http://www.prnewswire.com/news-releases/alithya-awarded-a-multi-year-contract-with-a-c10m-initial-value-for-operational-technology-cyber-security-services-301285347.html

SOURCE Alithya

FAQ

What was the value of Alithya's new contract in May 2021?

The initial value of Alithya's new contract is C$10 million.

Which sector will Alithya provide cyber security services to?

Alithya will provide cyber security services to the North American manufacturing and utilities sector.

Why is the contract significant for Alithya (ALYA)?

The contract is significant as it enhances revenue and addresses the increasing demand for cyber security services amid rising cyber threats.

How many professionals does Alithya employ?

Alithya employs more than 3,000 professionals across Canada, the US, and Europe.

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