Vianet Group PLC Contract Win (5264X)
27 November 2017 - 6:00PM
UK Regulatory
TIDMVNET
RNS Number : 5264X
Vianet Group PLC
27 November 2017
For immediate release 27 November 2017
Vianet Group plc
("Vianet" or the "Group")
Contract win
Vianet's Smart Machines Division wins a strategic new contract
with global pure play coffee company
Vianet Group plc (AIM: VNET), the international provider of
actionable data and business insight through devices connected to
its Internet of Things ("IOT") platform, is pleased to announce a
significant new contract win for its Smart Machines division (the
"Contract").
The global contract, with a multi-national company (the
"Customer"), will be for an initial three year period across ten
different markets covering Western Europe, Australia and New
Zealand. The Contract is expected to result in the connection of c.
7,000 new machines to Vianet's platform in calendar year 2018 with
further acceleration in 2019 and 2020.
The Smart Machines division will supply multi-network IOT
devices, supported by an asset management suite and cloud based
data insight on the performance of the Customer's service and
equipment across its coffee and foodservice division.
Stewart Darling, CEO of Vianet Group plc, commented:
"We are delighted to announce this significant win with a highly
valued customer. They are a prestigious world class blue chip
business delivering high end quality coffee and hot drinks and this
contract is a strong endorsement of our capability, vision and
strategy for the Smart Machines division. We will continue to
extend our capability, delivering increased value for this customer
and look forward to supporting their growth plans over the coming
years."
James Dickson, Chairman of Vianet Group plc commented:
"This is a win of great strategic importance for the team and
demonstrates that our focus on the vending sector and premium
coffee, in particular, is being well rewarded. The new contract
will have limited impact on our financial year ending 30 March 2018
but is anticipated to have a material positive impact on
performance in subsequent years when roll out plans are
confirmed.
Together with the recent acquisition of Vendman, the UK's
leading unattended retail management software company, Vianet is
building and developing real scale and momentum in its newer and
faster growing Smart Machines division.
Also, as businesses increasingly seek and rely on actionable
data, business intelligence and insights, Vianet's proven IOT
capability means we are well placed to deliver compelling results
for our customers and accelerate our own growth in what are rapidly
evolving markets".
This announcement contains inside information for the purpose of
Article 7 of the Market Abuse Regulation EU 596/2014 ("MAR").
- Ends -
Enquiries:
Vianet Group plc
James Dickson, Chairman Tel: +44 (0) 1642
358 800
james.dickson@vianetplc.com www.vianetplc.com
Cenkos Securities plc
Stephen Keys / Camilla Hume Tel: +44 (0) 20
7397 8900
www.cenkos.com
Media enquiries:
Yellow Jersey PR
Sarah Hollins Tel: +44 (0)7764
sarah@yellowjerseypr.com 947 137
www.yellowjerseypr.com
About Vianet
Vianet Group is a leading provider of actionable management
information and business insight created through combining data
from our smart Internet of Things ('IOT') solutions and external
information sources.
Since Admission to AIM in 2006, the Group has grown from its
core beer monitoring business both organically and through
strategic acquisitions to widen its offering and also develop new
businesses, especially in vending telemetry and contactless payment
solutions particularly for the premium coffee sector.
Servicing over 300 customers across the world and rendering live
data to our IOT platform from over 250,000 connected machines
daily, Vianet is one of the largest business to business (b2b)
connected solutions providers in Europe with established long term
relationships with blue chip customers and growing recurring
revenues which are over 85% of our total revenues.
In our Smart Machines Division we connect a single data
gathering device with its own on-board communication capability to
a customer's asset or system. The device then sends data back via
our IOT platform to cloud based servers. The technology was
originally developed for automated retailing machines, however the
flexibility and functionality of the device means the technology
can be applied to practically any machine which has the capability
to output data. The device is also used to connect our contactless
payment solution and communicate payment terms to our cloud based
payment services providers where that application is also
required.
The Smart Zones Division is where we connect multiple data
gathering devices into one or more systems or assets with the data
from those devices being communicated back to our IOT platform and
cloud based servers via a single 3G communications hub. The
technology was originally developed for flow monitoring devices,
temperature sensors, and asset management in drinks retailing but
practically any data gathering device with a digital output could
be connected to the communications hub where required such as
gaming machines, utilities management and EPOS.
For further information, please visit www.vianetplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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