Rosslyn Data Technologies PLC Contract Win (4509T)
03 July 2018 - 9:25PM
UK Regulatory
TIDMRDT
RNS Number : 4509T
Rosslyn Data Technologies PLC
03 July 2018
3 July 2018
Rosslyn Data Technologies plc
("RDT", the "Company", "Rosslyn" or the "Group")
Material Contract Win
Global Brewer Selects Rosslyn Data Technologies
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, announces that RDT, with the deployment of
its RAPid Platform, has secured a 3 year spend analytics contract
worth over EUR1,000,000, with EUR500,000 initially in the first
year and EUR250,000 per annum thereafter. The contract includes
options to extend beyond the term as well as the capability of
providing additional technical and professional services during the
contract life to help the client generate maximum business
value.
This client is a high profile global brewing giant which has
successfully grown organically and through acquisition. The
technology landscape in which it operates is complex, covers many
operating companies, geographies, languages and complex data
systems. The level of complexity means that the client's data
challenges are extremely high and the Board believes that their
selection of Rosslyn is a demonstration of the trust in the RAPid
platform.
Rosslyn' was able to demonstrate to the client RDT's ability to
effectively extract and integrate millions of rows of data, which
are then automatically cleansed, classified and enriched on a daily
basis. Many large global companies are unable to do this on a
monthly basis due to technical limitations. The RAPid platform, and
its integrated data technologies, empowers business teams to now
analyse procurement data on an almost real-time basis.
The RAPid platform is enabling this large global company to
enable its +400 decision makers, based around the world, with up to
date and relevant information that will support them to better
manage and mitigate supply chain risks, capture valuable
procurement savings, deliver business efficiencies, improve
employee productivity and meet a growing register of compliance and
regulatory obligations. This forward thinking organisation sees
their data as an important source of value and with new and
innovative technologies such as blockchain and predictive analytics
finding their way into procurement, sourcing and supply chain
management, they required a platform that would support their
evolving needs.
Roger Bullen, said:
"I am thrilled that Rosslyn has won this high profile client in
a highly competitive and demanding process. Our focus on the spend
data analytics market continues to deliver a number of
opportunities and this extremely important win demonstrates the
continued demand for our data services in this sector and our
expertise in managing complex, vast data sizes, requiring rapid and
efficient deployment. Being selected by this leading company shows
that our RAPid platform is the technology of choice for companies
serious about leveraging the value of their data in order to
improve business performance. This win also underpins the progress
we are making in increasing our average annual contract value."
This announcement contains inside information.
+44(0)20 7138
3203
Rosslyn Data Technologies Roger Bullen, +44(0)77 7162
plc Chief Executive Officer 3345
Lance Mercereau
Chief Marketing Officer +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 data analytics platform, was founded in 2005 by
Charles Clark and Hugh Cox. 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 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
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END
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