Nasstar PLC Significant Contract Win (7101V)
07 November 2017 - 6:00PM
UK Regulatory
TIDMNASA
RNS Number : 7101V
Nasstar PLC
07 November 2017
Nasstar plc
("Nasstar", "Company" or "Group")
Significant Contract Win
Nasstar (stock code: NASA), a provider of hosted managed and
cloud computing services, is pleased to announce that following a
successful proof of concept with a global media company it has
secured a three year contract to deliver a fully managed
public/private Hybrid cloud solution to a global workforce of 1,000
users. The contract is expected to generate at least GBP2.1m of
revenues over the three-year term, with up to GBP3.3m of revenues
possible if client user numbers remain as they are today. The
contract will go live during a phased migration project which is
expected to be fully complete by the end of June 2018.
This contract further ratifies the Company's leading approach
and innovation in Hybrid cloud solutions. Nasstar will deliver a
fully managed service to the 1,000 users that integrates
Microsoft's public cloud solutions with the Nasstar private cloud
hosted desktop. This is made possible because the Group holds a
tier one agreement to sell Microsoft's cloud offerings and has
Shared Computer Activation (SCA) accreditation. This SCA
accreditation enables Nasstar to integrate O365 fully with hybrid
platforms. Nasstar are one of only a few Microsoft partners that
hold such accreditation today. This has enabled the Group to
further integrate the O365 offering into its hosted desktop
solution, embracing the innovations of O365 as a clear
differentiator over its competitors.
Nasstar CEO, Nigel Redwood commented:
"This represents a significant win for Nasstar which was made
possible by our innovation in developing a comprehensive managed
service business, embracing both the public and private cloud
offerings to deliver the best of both worlds to our clients. The
investment we have made in our 24x7 capabilities, not only in
support but also in projects, was a significant factor in enabling
Nasstar to meet the demands of a global business such as this.
A contract of this size is testament to our growing ability to
service larger clients and a further endorsement of the 'Nasstar
10-19' programme".
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Stephen Norcross (Corporate broking)
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating
businesses provide hosted managed and cloud computing services,
integrating private and public clouds supplying a robust, secure
and stable hosted Information Technology service to business
customers. The Group provides a true end to end service for clients
providing them with enhanced IT performance and greater cost
control over their IT function. The Group owns its primary data
centre, is head quartered in Telford with regional offices in
Northampton, London and Bournemouth whilst 24 x 7 support is
delivered from its Auckland office in New Zealand. Nasstar is an
accredited Microsoft Gold Partner, is the 2016 Citrix Networking
Partner of the Year and is certified to ISO 27001.
Nasstar specialises in building bespoke cloud hosted services to
manage a client's entire application set, tailor made to suit
specific industries, designing public, private and hybrid cloud
solutions to meet the objectives of the client. The solution is a
highly scalable service that provides benefits including "Anywhere
Access" to computing; a standardised corporate solution that can be
accessed globally in multiple languages; generating cost savings
when compared to the traditional IT ownership model whilst
replacing capital expenditure with a simple usage based payment
model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in
December 2005, acquired e-know.net Limited in a reverse takeover in
January 2014, Kamanchi Limited in July 2014, VESK in October 2015
and Modrus Limited in September 2016.
Ends
This information is provided by RNS
The company news service from the London Stock Exchange
END
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