Arcontech Group PLC Extended Agreement with Client (4904H)

TIDMARC

RNS Number : 4904H

Arcontech Group PLC

18 August 2016

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

Extended Agreement with Client

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, is pleased to announce it has extended its agreement with an existing customer which will provide additional revenues of approximately GBP285,000 pa. With new Linux based software subscribed to on a recurring license basis, the client can now take advantage of Arcontech's continuous investment in keeping ahead of technological advances, for example the ability to interface with Open MAMA and Solace.

The new agreement also sees the client subscribe to the Arcontech Symbol Mapper which as well as mapping one symbol to another will enable the creation of its own instruments from internal data and to re-purpose that content across the group. This reduces the requirement to source the same instrument prices from third party vendors.

Matthew Jeffs, Arcontech's CEO, commenting on the new agreement said:

"We very much enjoy working with progressive clients where our exceptional domain knowledge of real-time market data, coupled with our clients experience and wishes means we can offer the very best solutions. Our goal is to help create flexibility and choice for our clients against other suppliers who wish to lock them into their platforms. Ultimately our independent outlook means our clients can choose the most suitable content, transport layer and infrastructure for their data user's needs, whilst invariably making huge cost savings".

Enquiries:

 
 Arcontech Group plc 
 Richard Last, Chairman and 
  Non-Executive Director           07713 214484 
                                   020 7256 
 Matthew Jeffs, Chief Executive     2300 
 
 finnCap Ltd (Nomad & Broker) 
                                   020 7220 
 Carl Holmes/Simon Hicks            0500 
 
 

To access more information on the Group please visit: www.arcontech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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August 18, 2016 02:01 ET (06:01 GMT)