TIDMNWT
RNS Number : 2441W
Newmark Security PLC
13 November 2017
Prior to publication in this announcement, 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 ("MAR").
13 November 2017
Newmark Security plc
("Newmark Security" or the "Company")
Grosvenor Technology to provide WorkForce Software customers
with global time clock terminals
Newmark Security plc (AIM: NWT), a leading provider of
electronic and physical security systems, is pleased to announce
that Grosvenor Technology, its UK based security and attendance
solutions provider, has entered into new ongoing supply agreements
with WorkForce Software, LLC and its UK subsidiary (together,
"Workforce Software"). WorkForce Software is a leading global
provider of cloud-based workforce management solutions
headquartered in the US.
Grosvenor Technology will supply WorkForce Software globally,
through sales and leasing, with its IT51 Linux based workforce
management terminal. Available as the WorkForce 5000, the IT51 data
collection terminal will enable WorkForce Software customers to
improve business efficiency and facilitate greater employee
satisfaction through accurate time tracking. In addition, Grosvenor
Technology will provide WorkForce Software with a range of remote
support tools on an 'as a service' basis.
Mike Morini, CEO of WorkForce Software, said:
"Adding a new data collection terminal gives our customers
greater flexibility and choice. The ten-inch touch screen makes it
easy for employees to access schedules, review time, and receive
messages right from the terminal. Our partnership with Grosvenor
Technology also provides additional badge reader options and the
ability to install outdoors, even in extreme temperatures.
WorkForce Software is excited to work with Grosvenor Technology as
we meet the needs of our customers around the globe."
Marie-Claire Dwek, CEO of Newmark Security, said:
"Securing this agreement with WorkForce Software is significant
for Grosvenor Technology. Newmark's overarching strategy is to
significantly increase sales contracts and therefore recurring
revenues and we have a number of key initiatives over the medium
term to aid this. We have invested significantly in developing new
products and services over the past three years and this
arrangement with WorkForce Software is an example of this
investment beginning to bear fruit."
Andy Rainforth, Managing Director of Grosvenor Technology,
added:
"We have been working with WorkForce Software for over three
years and their continued confidence in Grosvenor Technology is
testament to our customer-specific, tailored approach. The appeal
to WorkForce Software wasn't simply the functionality, capability
and robust performance of our hardware, but the agile development
methodology approach we adopt, which allows their end customers to
receive a seamless end-to-end experience due to the deep and rich
integration both businesses have worked towards.
"Our US and UK bases were also a perfect fit for their client
base across North America and EMEA and we already remotely support
many end user installations in the Far East and APAC, which are
growing regions for WorkForce Software.
"We have developed a number of tools to remotely manage complex
estates of terminals, or time clocks, as they are traditionally
known, and we are able to help our clients diagnose and recover
hardware without requiring costly site visits and minimising
down-time. Additionally, we can offer remote biometric template
management, which provides a frictionless end-user experience for
enterprises operating global estates. These tools are allowing us
to grow our recurring revenues by offering both our hardware and
software 'as a service' which is a fundamental aim of Grosvenor
Technology."
ENDS
Contact:
Newmark Security plc
Marie-Claire Dwek, Chief Executive +44 (0) 207 355
Officer 0070
Allenby Capital Limited
Jeremy Porter / James Reeve / +44 (0) 20 3328
Liz Kirchner 5656
Yellow Jersey PR Limited +44 (0) 776 932
Joe Burgess 5254
For more information:
www.grosvenortechnology.com
www.workforcesoftware.com
About Newmark Security plc
Newmark Security PLC is a leading provider of electronic and
physical security systems, which focus on personal security and the
safety of assets. Operating through two established and wholly
owned divisions, Grosvenor Technology (Electronic) and Safetell
(Physical Security), the Group listed on AIM in 1997.
Grosvenor Technology provides state of the art access control
and data acquisition systems delivered via its reputable JANUS
access control platform and its CUSTOM brand data-collection
terminals. The next generation and recently launched Sateon
software is a new and innovative access control concept which
delivers all the features of a software based system but in the
cloud, which combines the advantages of a software based system
with cloud technology to improve lifecycle cost, install speed and
allow for instant maintenance from anywhere in the world. Grosvenor
Technology clients include BAE Systems, UK Air Traffic Control,
BSkyB, Merrill Lynch, Bank of America, M & S, Morrisons, Tesco,
Network Rail, government departments and many universities. More
information can be found at www.grosvenortechnology.com.
Offering personnel and asset protection since 1987, Safetell is
the UK's leading provider of fixed and reactive security screens,
reception counters, cash management systems and associated security
equipment. Safetell's customers range from leading blue chip
organisations to single sites including banks and building
societies, police forces and the Post Office, local authorities and
government departments, forecourt retailers and supermarket chains.
More information can be found at www.safetell.co.uk.
About WorkForce Software
WorkForce Software is making work easy for the connected
workforce around the globe. It provides enterprise and mid-sized
organizations with real-time insights backed by pre-packaged domain
expertise and proven flexibility. Its cloud workforce management
solutions empower employees and managers to digitize time and labor
processes, optimize demand-driven scheduling, simplify absence
management and enable strategic business insight. With complete
visibility across all employee groups and locations, WorkForce
Software equips organizations to reduce labor costs, demonstrate
compliance and boost employee engagement, all while maximizing
operational efficiencies. For more information, visit
www.workforcesoftware.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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