Vianet Group PLC FTSE sector classification transfer to Technology

TIDMVNET

Vianet Group PLC

18 December 2017

 
 For immediate release   18 December 2017 
 

Vianet Group plc

("Vianet" or the "Group")

Transfer of FTSE sector classification to Technology

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 that its FTSE sector re-classification from Support Services to the Technology subsector of Telecommunications Equipment, became effective from today, Monday 18 December 2017.

James Dickson, Chairman, commented: "The re-classification of Vianet's sector on the London Stock Exchange to Technology more accurately reflects the Group's IOT and data analytics business model. We believe that this should also bring Vianet to the attention of a wider audience, which is a positive development."

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Enquiries:

 
 Vianet Group plc 
 James Dickson, Chairman       Tel: [phone] 
                                         358 800 
 [e-mail]   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: [phone] 
  [e-mail]                               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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December 18, 2017 02:00 ET (07:00 GMT)