SCISYS PLC Contract Win (5679N)
10 August 2017 - 4:00PM
UK Regulatory
TIDMSSY
RNS Number : 5679N
SCISYS PLC
10 August 2017
The information communicated in this announcement includes
inside information for the purposes of Article 7 of Regulation
596/2014
SCISYS PLC
(AIM: SSY)
ANNOVA Systems GmbH wins circa EUR2.5m German Newsroom
Contract
SCISYS PLC ("SCISYS"), the supplier of bespoke software systems,
IT-based solutions and support services to the Media &
Broadcast, Space, Government, Defence and Commercial sectors, is
pleased to announce that its subsidiary, ANNOVA Systems GmbH
("ANNOVA"), has signed a contract for circa EUR2.5m with a major
public German broadcaster. This project involves a complete renewal
of its existing editorial newsroom systems.
Following a thorough evaluation process, this customer has
decided on ANNOVA's proprietary OpenMedia product as its
next-generation editorial newsroom solution, replacing a
competitor's incumbent installation. Once fully rolled out, up to
1,000 of the broadcaster's journalists across TV, radio and online
will use OpenMedia as their central tool for planning and crafting
news programmes.
Commencing in September 2017, this initial contract is expected
to be delivered by the end of 2018 and further underpins our
current market guidance.
Klaus Heidrich, Chief Executive Officer of SCISYS,
commented:
"We are delighted with this contract win achieved by the ANNOVA
management and team, particularly as it extends their already large
German customer base into an organisation that has been a customer
of the SCISYS Media & Broadcast division for decades.
"We believe also this customer will benefit from SCISYS'
strengthened position in the Media & Broadcast Technology
sector. This contract win further demonstrates the prospective
synergies we anticipate now that ANNOVA has joined the SCISYS
family."
Michael Schüller, Chief Executive Officer of ANNOVA, added:
"For ANNOVA this is a particularly exciting contract win, not
only because it allows us to work with a fantastic new and
innovative customer, but also because it underscores that our
state-of-the-art product development aligns neatly with current
market trends.
"We will deliver a variety of highly innovative cross-media
workflows and provide ground-breaking, tight integration with
broadcast critical systems, including SCISYS' own dira!
product.
"With our OpenMedia product we have again won a major enterprise
client and we look forward to building a long-term and successful
relationship with this customer and their team."
For further information please contact:
+44 (0)1249 466
SCISYS PLC 466
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Mike Love Chairman
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Klaus Heidrich Chief Executive
Officer
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Chris Cheetham Finance Director
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finnCap (NOMAD
& Broker) +44 (0)20 7220 0500
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Julian Blunt Corporate Finance
------------------ ------------------- ---------------------------
Mia Gardner Corporate Broking
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WalbrookPR +44 (0) 20 7933
Tom Cooper/Paul 8780
Vann +44 (0)797 122 1972
tom.cooper@walbrookpr.com
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About SCISYS:
Employing around 500 staff, SCISYS group is a leading developer
of information and communications technology services, e-business,
web and mobile applications, editorial newsroom solutions and
advanced technology solutions. The Company operates in a broad
spectrum of market sectors, including Media & Broadcast, Space,
Government and Defence and Commercial sectors. SCISYS clients are
predominantly blue-chip and public-sector organisations. Customers
include the Environment Agency, the Ministry of Defence, Airbus
Defence & Space, Arqiva, Vodafone, the European Space Agency,
EUMETSAT, the BBC, RNLI, Interflora and the National Trust. The
Company has UK offices in Chippenham, Bristol, Leicester and
Reading and German offices in Bochum, Darmstadt and Munich. More
information is available at www.scisys.co.uk.
ANNOVA (www.annova.tv), based in Munich with roots going back to
1989, is a leading supplier of newsroom editorial solutions in the
media sector. It has a robust business model based on its mature
OpenMedia software solution. OpenMedia provides next-generation
newsroom system functionality, enabling story-centric workflows for
news to be created for distribution on any medium. OpenMedia
software licence sales are complemented by the sale of professional
and consultancy services.
This information is provided by RNS
The company news service from the London Stock Exchange
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