Rosslyn Data Technologies PLC Contract Wins (4591M)
31 July 2017 - 4:00PM
UK Regulatory
TIDMRDT
RNS Number : 4591M
Rosslyn Data Technologies PLC
31 July 2017
Rosslyn Data Technologies plc
(the "Company", "Rosslyn" or the "Group")
Major Contract Wins and Global Enterprise Data Management
Partnership
Rosslyn Data Technologies selected for Spend Analytics by Major
International Corporations
The Company is pleased to report that it has won three contracts
worth, in aggregate, in excess of GBP1 million over a 3 year
period, one of which is with one of the large enterprises the
Company has previously reported it has been in contract
negotiations with.
The largest of the contracts is with a world leading enterprise
data management company which will involve white labelling and the
client reselling Rosslyn's RAPid cloud based analytics The Board
believes the signing of this contract validates the Group's
partnership strategy, demonstrating the ability to monetise these
partner relationships as they recognise the scalability and utility
of the RAPid platform. Partners integrate RAPid to form part of
their own product suite. This contract enables the Partner to sell
the RAPid platform in its own name to a world-wide client base via
a salesforce in excess of 200 people.
The other two contracts are with a blue chip leisure and
hospitality company and one of the largest privately owned FMCG
groups in Central Eastern Europe Middle East & Africa. Both of
these clients will be utilizing the Group's RAPid Spend Analytics
suite of applications to identify and mitigate an increasing number
of strategic risks that they face as a result of their global
operations and market reach. The value of the RAPid platform will
enable the clients to effectively bring together data from multiple
disparate sources both internally and externally, enabling them to
achieve their business objectives. At the same time, this rich
foundation of information empowers the various teams to improve the
quality of their data, visualize issues and identify opportunities
that otherwise may have remained hidden.
The Group's sales pipeline remains healthy and the Directors
continue to be in contract negotiations with a number of the large
enterprises previously referred to and continue to expect these
opportunities to be converted into contract wins.
Integration of the recently announced acquisition of Integritie
is progressing well and the cost savings previously identified are
being implemented.
The acquisition of Integritie has added further to Rosslyn's
product suite and the Board is pleased with the pipeline of sales
and cross sell opportunities that are being generated. Additionally
sales leads are being generated for the RAPid analytics platform
from the Integritie client base and we look forward to updating the
market on our continued progress in due course.
Roger Bullen, said:
"I am thrilled that Rosslyn has won these high profile clients
in competitive and demanding processes. Our focus on developing
innovative spend analytics solutions continues to deliver a number
of business opportunities for us. These wins demonstrate the demand
for our services in the market. Being selected by the country's
largest brands and a leading enterprise data management company
shows that our RAPid Cloud Platform is the technology of choice for
companies serious about leveraging the value of their data in order
to improve business performance.
Furthermore, I am delighted with our acquisition of Integritie
and we are seeing it add to our critical scale and mass. I look
forward to reporting on our progress in this regard in due course
as we move towards profitability, away from reliance on the sale of
cumbersome revenue items and increase our recurring revenues."
+44(0)20 7138
3203
Rosslyn Data Technologies Roger Bullen, +44(0)77 7162
plc Chief Executive Officer 3345
Lance Mercereau
Marketing Director +44(0)7788 183273
Cenkos Securities
-
Nominated Adviser, +44(0)20 7397
Broker Stephen Keys 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT), a leading provider of
a Cloud-based enterprise data analytics platform, was founded in
2005 by Charles Clark and Hugh Cox. Business Intelligence was
ranked first in the top ten technology priorities for Chief
Information Officers in 2012 by Gartner. The Company provides
analytical services by combining four key technologies: data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers, including
Aberdeen Asset Management plc, Babcock Corporate Services plc,
Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn
Data Technologies plc is the ultimate holding company of the Group
and owns 100 percent of Rosslyn Analytics Limited.
Further information can also be found on the Company's website
at: www.rosslynanalytics.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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