TIDMCELE
RNS Number : 8579Y
Celebrus Technologies PLC
08 January 2024
Celebrus Technologies plc
Contract update
8 January 2024
Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"),
the AIM-listed data solutions provider, is pleased to announce
several software contract wins made during the financial quarter to
31 December 2023. These wins demonstrate the appeal of the Celebrus
platform across a range of industry sectors, as well as
illustrating the deepening relationships with existing customers
who recognise the importance of our new features and
differentiators.
The first win is a three-year deal with a new customer; a
leading European retailer of experience gifts. They will use the
product in our own hosted service, Celebrus Cloud, to help drive
better engagement with customers, build compliant marketing
profiles about those customers, and ultimately deliver better
customer experiences. This was a deal closed by our direct sales
channel and further illustrates the importance of direct sales in
building a diverse pipeline and customer base across various
industry sectors.
The second win is an existing global top 10 banking customer,
which has renewed its multi-million dollar annual license for a
further three years, incorporating an uplift in Celebrus session
volumes and increasing ARR to the Group by 19% from the original
contract. This increase has also included new features such as
Cross-Domain Continuance, CX Vault, and our Tableau Workbook. This
was a deal driven by our investment in Customer Success, and shows
how our continued investment into product development shows a
return on investment for customers and the Group.
The third win is a UK bank which has been using a light, bespoke
version of Celebrus that is no longer supported. The bank has
signed a three-year multi-million dollar contract for the full
Celebrus platform to use its full functionality across both web and
mobile for digital identity verification and personalisation. This
was a deal driven by our investment in Customer Success, and by
delivering a strong customer experience.
The fourth win is a new customer in the US healthcare sector,
also closed by our direct sales channel. The three-year contract
also incorporates hosting in Celebrus Cloud, and further
establishes Celebrus in this sector. This customer will leverage
the Celebrus data model to create a digital patient data identity
that is compliant with local regulations and allows for better
experiences as patients navigate the digital platforms offered by
this provider.
These wins, along with the new US banking customer referenced in
the Half Year results announcement in November, illustrate the
returns from the Group's ongoing investment into product
development, customer success and a direct sales channel, and
reinforce the Board's confidence in both achieving full year market
expectations* and continuing to drive growth in ARR, with customers
across a wide range of industry sectors.
Bill Bruno, Chief Executive Officer commented:
"We've talked quite a bit about change, investment, and our new
approach to the business in a very short period of time. The team
has worked diligently on our new vision, and we are thrilled to see
these wins getting over the line. I'm extremely proud of what the
team has accomplished and look forward to more of the same as we
continue to drive this business forward in our mission to improve
the relationships between brands and consumers via better
data."
(*) For the purpose of this announcement, the Group believes
market consensus for FY24 to be revenue of GBP32.1m, and adjusted
profit before tax of GBP5.4m.
Inside Information: This announcement contains inside
information for the purposes of article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018. Upon the publication
of this announcement via Regulatory Information Service, this
inside information is now considered to be in the public
domain.
Enquiries
Celebrus Technologies plc +44 (0) 1932 893333
Bill Bruno, Chief Executive Officer investors@celebrus.com
Ash Mehta, Chief Financial Officer
Cavendish (Nominated Adviser
& Joint Broker)
Julian Blunt / Edward Whiley,
Corporate Finance
Tim Redfern, Corporate Broking +44 (0) 20 7220 0500
Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew Potts +44 (0) 20 7523 8000
About Celebrus Technologies plc
As a disruptive data technology platform, Celebrus is focused on
improving the relationships between brands and consumers via better
data. Celebrus redefines what digital identity verification means
to power both next-level marketing and fraud prevention use cases.
Deployed across 30+ countries throughout the financial services,
healthcare, retail, travel, and telecommunications sectors,
Celebrus automatically captures, contextualises, and activates
consumer behavioral data in live-time across all digital channels.
Through the addition of behavioral biometrics and AI, Celebrus
empowers brands to detect and prevent fraud before it occurs. To
ensure that brands can begin to improve those relationships
quickly, Celebrus Cloud activates the Celebrus platform efficiently
for brands in a single-tenant, private cloud capacity.
The Group has offices in the UK, USA, and India with key talent
in all markets to drive the growth of the business. Celebrus is
fully compliant with all major data privacy regulations and the
Group is accredited to ISO27001: Information Security
Management.
For more information, please see www.celebrus.com .
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