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IT Security Services

Development Bank of Wales

This public procurement record has 3 releases in its history.

Award

31 Jul 2025 at 12:48

UK7 - Contract Details Notice
Award

08 Jul 2025 at 14:02

UK6 - Contract Award Notice
Tender

20 Mar 2025 at 15:51

UK4 - Tender Notice
Summary of the contracting process

The Development Bank of Wales, located in Cardiff, is looking to streamline its IT security operations through a competitive tendering process. They are focusing on IT Security Services, intending to consolidate various security operations into a unified Microsoft security platform. This procurement falls under the services category and is conducted using an open and competitive flexible procedure. Wavenet Limited, based in Solihull, has been awarded the contract. Key dates include the signing on 30th July 2025, with the active contract running from 31st July 2025 to 30th July 2030, with a maximum extent date of 30th July 2033.

This tender offers significant business growth opportunities by enabling collaboration in the rapidly evolving field of IT security services, utilising cutting-edge Microsoft technologies. The opportunity is ideal for large-scale businesses proficient in consulting, software development, and internet support services, aligning with the buyer's high standards for addressing security threats. The contract allows for renewals and additional consultancy services, appealing to IT firms looking to expand their footprint in security systems management by closely working alongside existing service providers to ensure comprehensive protection against emerging threats.

How relevant is this notice?

Notice Information

Notice Title

IT Security Services

Notice Description

The Development Bank of Wales undertook a competitive flexible procedure, this notice is to notify that we have entered into a contract with the successful supplier. The Scope: The Development Bank of Wales currently operate a security operation model that is split across multiple providers and technologies. To help reduce the complexity of this approach and improve our ability to effectively monitor, respond to, and mitigate security threats, the Banc are investigating the feasibility of implementing a unified Microsoft security operations platform, the day-to-day management of which would be supported by a single provider. This transition will not only streamline our processes and technology, but also increase the efficiency of our incident response efforts and reduce the potential for gaps in our security posture caused by the fragmentation of tools and services. Currently, our Azure services are handled by Service Provider A, which focuses on optimising our cloud infrastructure. Service Provider B is responsible for managing our Microsoft 365 environment and on-premises infrastructure, ensuring that both are configured and maintained to meet our operational needs. Additionally, our managed detection and response (MDR) services are provided by Service Provider C, which utilises their own proprietary platform to deliver continuous monitoring, threat detection, and incident response across our IT estate. The Banc is investigating replacing Service Provider C with a new Service Provider that will take over the managed detection and response function, utilising the Microsoft unified security platform. They will be responsible for the implementation, configuration and on going management of the platform, and providing proactive advice and recommendations to improve the security of our Microsoft estate, drawing on Microsoft's insights, but will not be responsible for any configuration outside of the security platform. The new provider will collaborate closely with Service Providers A and B to align security practices ensuring that our entire IT environment remains protected against emerging threats.

Lot Information

Lot 1

Options: There may be a requirement that the supplier will undertake project work during the contract term. Additional modules and or security of other systems may also be required.

Renewal: 3 years in 12 month increments

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04efe9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/044725-2025
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72000000 - IT services: consulting, software development, Internet and support

Notice Value(s)

Tender Value
£1,500,000 £1M-£10M
Lots Value
£1,500,000 £1M-£10M
Awards Value
£1,500,000 £1M-£10M
Contracts Value
£1,500,000 £1M-£10M

Notice Dates

Publication Date
31 Jul 20251 years ago
Submission Deadline
9 Jun 2025Expired
Future Notice Date
Not specified
Award Date
7 Jul 20251 years ago
Contract Period
31 Jul 2025 - 30 Jul 2030 Over 5 years
Recurrence
2033-03-13

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Development Bank of Wales
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CARDIFF
Postcode
CF10 4BZ
Postcode Area
Cardiff
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified
Local Authority
Cardiff
Electoral Ward
Butetown
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

Wavenet Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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