OneView Group PLC Multi-Million Dollar Cloud-Based Hosting Agreement (4910X)

TIDMONEV

RNS Number : 4910X

OneView Group PLC

22 February 2017

22 February 2017

OneView Group plc

("OneView" or the "Company")

Largest ever contract win

Multi-Million Dollar Cloud-Based Hosting Agreement with Discount Tire Corporation

OneView (AIM: ONEV), one of the retail industry's leading digital transformation software providers for instore customer service, is pleased to announce that it has signed a multi-million dollar annual cloud-based hosting agreement (the "Agreement") with existing client, Discount Tire Corporation ("Discount Tire"), the world's largest independent tyre and wheel retailer. This constitutes OneView's largest contract to date and comes with a material upfront payment.

The Agreement, which expands upon OneView's current partnership with Discount Tire, is for a five-year term and will provide a material uplift to annual recurring revenues.

Under the Agreement, OneView will support Discount Tire by hosting its cloud-based in-store software platform, and providing application management and IT infrastructure support for its store operations. The cloud-based service will enable Discount Tire to remove much of the complexity and costs related to managing and supporting its store technology platform.

Tom Williams, Senior Vice President of Customer Experience, Discount Tire:

"As we continue the digital transformation of our 940 stores, OneView's full service hosting solution expedites our implementation, increases iterative capability and provides direct access to OneView's expertise and knowledge base. We found that the overall savings in time and costs make cloud-based delivery of a digital store platform the most efficient and economical arrangement for achieving operational return and improving customer experience."

Stuart Mitchell, Chief Executive Officer of OneView commented:

"We are delighted that Discount Tire has chosen to expand its agreement with OneView which clearly demonstrates the value of the services we provide to our clients. This is our largest contract to date providing a substantial uplift in revenue visibility over the coming years. Discount Tire joins a growing list of companies that are increasingly recognising the benefits of our cloud-based hosted service to drive value and differentiation to their customers and operations. We hope to be able to announce further successes for our hosted service in the coming months."

Further Details:

 
 OneView Group plc                Tel: [phone] 
 Stuart Mitchell, CEO 
  Linda Palanza, COO 
  Mark Wilson, Finance Director 
 
 finnCap Ltd                      Tel: [phone] 
 Geoff Nash 
  Kate Bannatyne 
 
 Hybridan                         Tel: [phone] 
 Claire Noyce (Broking) 
 
 Newgate Communications           Tel: [phone] 
 Bob Huxford 
  Lydia Thompson 
 

About OneView Group

OneView Group is a pioneer in digital store transformation, helping global retailers implement successful unified commerce strategies that centre on the critical engagement in store. The Company's cloud-based Digital Store Platform combines digital-ready point of sale, line busting, and end-to-end unified commerce capabilities, with the ability to capture and deliver the rich content from these store interactions across the retail enterprise. OneView enables the exchange of this powerful store information to immediately impact sales, business operations and the customer experience. Travis Perkins plc, Wickes, and Discount Tire Corporation are among the global retailers revolutionizing their stores with OneView Group. For more information, visit www.oneviewcommerce.com.

About Discount Tire/America's Tire

Discount Tire/America's Tire, based in Scottsdale, Arizona, is the world's largest tire and wheel retailer. The company does business under the trade name Discount Tire in most of the U.S. and America's Tire in Central and Northern California. The company currently operates more than 940 stores across the country employing more than 18,000 staff. In 2010, the company marked its 50th year serving customers as their trusted tire retailer in local markets across the U.S. Discount Tire/America's Tire also sponsors NASCAR Nationwide Series and Monster Energy AMA Supercross. For more information about Discount Tire/America's Tire visit discounttire.com or americastire.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 22, 2017 02:01 ET (07:01 GMT)