SCISYS PLC Contract Win (5679N)

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:

 
                                          [phone] 
 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)                               [phone] 
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 Julian Blunt        Corporate Finance 
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 Mia Gardner         Corporate Broking 
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 WalbrookPR                               [phone] 
  Tom Cooper/Paul                          8780 
  Vann                                     [phone] 
                                           [e-mail] 
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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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August 10, 2017 02:00 ET (06:00 GMT)