Crimson Tide PLC Contract Win (6310S)
18 March 2021 - 6:00PM
UK Regulatory
TIDMTIDE
RNS Number : 6310S
Crimson Tide PLC
18 March 2021
18 March 2021
Crimson Tide Plc
("Crimson Tide" or "the Company")
Significant Contract Win
Crimson Tide Plc (TIDE) is pleased to announce a significant
contract win with Compass Group, a global leader in food services.
Compass Group provides food services and support services across
five market sectors to a wide range of customers in the Private and
Public Sectors. The client will be utilising mpro5 to ensure
compliance across a broad range of customer and legislative
requirements in the UK including brand standards, service quality,
health and safety and food safety/allergen controls.
Data visualisation via custom built Microsoft Power BI
dashboards, will provide invaluable real-time insights for Compass
Group and empower the business to make more informed decisions in
their operations.
The subscription contract is for a minimum 36-month period and
the total contract value exceeds GBP1.2million. The contract
represents a significant increase in the scale of mpro5 usage by
this client (approximately GBP1.1million of the total value) as
well as consolidating a number of smaller existing arrangements
into its scope.
Barrie Whipp, Chairman, commented: "Whilst we have maintained a
diverse range of smaller contracts with Compass Group for some
time, this contract, to ensure compliance across its food services,
is a significant demonstration of the ability of mpro5 to cover a
wide range of processes and the Company's ability to broaden its
reach within existing customers and enhance value over time."
For further information:
Crimson Tide plc
Barrie Whipp / Luke Jeffrey 01892 542 444
finnCap (Nominated Adviser and Broker)
Corporate Finance: Julian Blunt / James Thompson +44 20 7220 0500
Corporate Broking: Andrew Burdis
Alma PR (Financial PR)
Josh Royston +44 7780 901979
For further information on Crimson Tide plc, see the website at:
www.crimsontide.co.uk
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END
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