KRM22 plc
("KRM22", the "Group" or the
"Company")
New Customer
Contract
ARR for KRM22 plc up to
£6.0m
KRM22 plc, (AIM: KRM) the technology
and software investment company that focuses on risk management for
capital markets, is pleased to announce the signing of a major
customer contract for the Limits Manager product.
The Company is pleased to announce
it has completed the signing of a contract with a major Futures
Commission Merchant ("FCM"), one of industry's top 15 largest FCMs.
The three year contract, worth over £0.6m over the life of
the contract, is for the Limits Manager product.
The signing of this contract means
that seven of the top 15 largest FCMs are now contracted to use the
Limits Manager product, both direct with KRM22 and through the
sales channel with Trading Technologies International, Inc.
("TT").
Following the announcement of this
contract win, and as at the date of this announcement, the Group's
Annual Recurring Revenue ("ARR") has increased by £0.2m to
£6.0m.
Dan
Carter, CEO commented: "This
contract win further demonstrates that the Limits Manager product
has become a firmly established product within the FCM community.
In addition, the growth in ARR to £6.0m is another milestone
on our journey to create a £10.0m ARR, cash generative and
profitable business."
For
further information please contact:
|
KRM22
plc
Garry Jones, Chairman
Dan Carter, CEO
Kim Suter, CFO
|
InvestorRelations@krm22.com
|
|
Cavendish Capital Markets Limited (Nominated Adviser and Sole
Broker)
Carl Holmes / George Dollemore
(Corporate Finance)
Sunila de Silva (ECM)
|
+44 (0)20 7220
0500
|
The information contained within this announcement was deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 as amended. With the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
About KRM22 plc
KRM22 is a closed-ended investment
company which listed on AIM on 30 April 2018. The Company has
been established with the objective of creating value for its
investors through the investment in, and subsequent growth and
development of, target companies in the technology and software
sector, with a focus on risk management in capital
markets.
Through its investments and the
Global Risk Platform, KRM22 helps capital market companies reduce
the cost and complexity of risk management. The Global Risk
Platform provides applications to help address firms' trading and
corporate risk challenges and to manage their entire enterprise
risk profile.
Capital markets companies' partner
with KRM22 to optimise risk management systems and
processes, improving profitability and expanding opportunities
to increase portfolio returns by leveraging risk as
alpha.
KRM22 plc is listed on AIM and the
Group is headquartered in London, with offices in several of the
world's major financial centres.
See more about KRM22 at
KRM22.com