Actual Experience PLC Large scale customer deployment (0959L)
17 April 2018 - 4:00PM
UK Regulatory
TIDMACT
RNS Number : 0959L
Actual Experience PLC
17 April 2018
17 April 2018
Actual Experience plc
(the "Company" or "Actual Experience")
Large scale customer deployment and contract update
Actual Experience plc (AIM: ACT), the Analytics-as-a-Service
company, is pleased to announce the first full-scale deployment of
its analytic software within a large enterprise customer of one of
its four Channel Partners and, in addition, the original agreement
with this Channel Partner is being extended to enable sales of
Actual Experience's software through resellers.
Full-scale Deployment
The deployment is expected to generate in excess of GBP1million
of revenue per annum for the Company and is anticipated to be a
multi-year agreement.
A large enterprise, such as this, typically has hundreds of
locations and its digital infrastructure is inherently complex. In
this deployment, the enterprise customer is using the Company's
Analytics-as-a-Service across its locations to provide insight into
the performance of the digital applications that its staff use on a
daily basis. The insight Actual Experience provides will enable the
enterprise to optimise the performance of these applications,
thereby improving staff productivity.
The length of time it takes for an enterprise to deploy at scale
can vary, with this latest customer deploying at full scale from
the outset, while others can take up to two years. The scale of
this deployment supports the Board's belief that large enterprise
customers have the potential to generate, on average, annual
revenues of $500,000.
Reseller Agreement
In addition to the large-scale deployment, this Channel Partner
has made the decision to extend its existing agreement with the
Company to enable its sales team to resell Actual Experience
products, which is likely to lead to increased revenue potential in
the future.
Dave Page, CEO of Actual Experience, commented: "We are
delighted this large and complex enterprise customer is now
benefiting from the insight provided by our analytics into the
performance of their digital applications as well as this
reaffirmation of our Channel Partner's commitment to our service
offering.
"Our Channel Partners are having increasing success with our
Analytics-as-a-Service and during the past year, a number of their
large enterprise customers have begun deploying our analytics at a
relatively small scale. We expect several of these to develop into
large scale deployments over the next 24 months as enterprises seek
to optimise the performance and cost effectiveness of their digital
networks and applications."
Enquiries:
Actual Experience plc via Alma PR
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496 3000
Shaun Dobson
Lauren Kettle
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde Tel: +44(0) 7779 664 584
Robyn Fisher Tel: +44 (0)7540 706191
About Actual Experience
Actual Experience's analytics provide the digital Voice of the
Customer. This is a real-time, data-driven view of what end users
would say about the quality of a company's digital products and
services, and why. Our customers can analyse everything that
impacts the experience quality in their digital supply chains, for
any service, type of user or the Internet of Things. It gives them
complete transparency from the point of provision to the point of
use and whether inside or outside their business's control. The
insights can be used to make continuous improvements to their
business performance.
Actual Experience is a listed-company on the London Stock
Exchange (ACT). Our development Headquarters are in Bath, UK, and
we also have offices in London. Actual Experience's unique digital
analytics as a service is founded on ten years of cutting-edge
research at Queen Mary University of London.
www.actual-experience.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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