Celebrus Technologies PLC Contract Update (8579Y)

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RNS Number : 8579Y

Celebrus Technologies PLC

08 January 2024

Celebrus Technologies plc

Contract update

8 January 2024

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed data solutions provider, is pleased to announce several software contract wins made during the financial quarter to 31 December 2023. These wins demonstrate the appeal of the Celebrus platform across a range of industry sectors, as well as illustrating the deepening relationships with existing customers who recognise the importance of our new features and differentiators.

The first win is a three-year deal with a new customer; a leading European retailer of experience gifts. They will use the product in our own hosted service, Celebrus Cloud, to help drive better engagement with customers, build compliant marketing profiles about those customers, and ultimately deliver better customer experiences. This was a deal closed by our direct sales channel and further illustrates the importance of direct sales in building a diverse pipeline and customer base across various industry sectors.

The second win is an existing global top 10 banking customer, which has renewed its multi-million dollar annual license for a further three years, incorporating an uplift in Celebrus session volumes and increasing ARR to the Group by 19% from the original contract. This increase has also included new features such as Cross-Domain Continuance, CX Vault, and our Tableau Workbook. This was a deal driven by our investment in Customer Success, and shows how our continued investment into product development shows a return on investment for customers and the Group.

The third win is a UK bank which has been using a light, bespoke version of Celebrus that is no longer supported. The bank has signed a three-year multi-million dollar contract for the full Celebrus platform to use its full functionality across both web and mobile for digital identity verification and personalisation. This was a deal driven by our investment in Customer Success, and by delivering a strong customer experience.

The fourth win is a new customer in the US healthcare sector, also closed by our direct sales channel. The three-year contract also incorporates hosting in Celebrus Cloud, and further establishes Celebrus in this sector. This customer will leverage the Celebrus data model to create a digital patient data identity that is compliant with local regulations and allows for better experiences as patients navigate the digital platforms offered by this provider.

These wins, along with the new US banking customer referenced in the Half Year results announcement in November, illustrate the returns from the Group's ongoing investment into product development, customer success and a direct sales channel, and reinforce the Board's confidence in both achieving full year market expectations* and continuing to drive growth in ARR, with customers across a wide range of industry sectors.

Bill Bruno, Chief Executive Officer commented:

"We've talked quite a bit about change, investment, and our new approach to the business in a very short period of time. The team has worked diligently on our new vision, and we are thrilled to see these wins getting over the line. I'm extremely proud of what the team has accomplished and look forward to more of the same as we continue to drive this business forward in our mission to improve the relationships between brands and consumers via better data."

(*) For the purpose of this announcement, the Group believes market consensus for FY24 to be revenue of GBP32.1m, and adjusted profit before tax of GBP5.4m.

Inside Information: This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.

 
 Enquiries 
 
  Celebrus Technologies plc                   [phone] 
  Bill Bruno, Chief Executive Officer      [e-mail] 
  Ash Mehta, Chief Financial Officer 
 Cavendish (Nominated Adviser 
  & Joint Broker) 
  Julian Blunt / Edward Whiley, 
  Corporate Finance 
  Tim Redfern, Corporate Broking             [phone] 
 Canaccord Genuity (Joint Broker) 
  Simon Bridges / Andrew Potts               [phone] 
 

About Celebrus Technologies plc

As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualises, and activates consumer behavioral data in live-time across all digital channels. Through the addition of behavioral biometrics and AI, Celebrus empowers brands to detect and prevent fraud before it occurs. To ensure that brands can begin to improve those relationships quickly, Celebrus Cloud activates the Celebrus platform efficiently for brands in a single-tenant, private cloud capacity.

The Group has offices in the UK, USA, and India with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.

For more information, please see www.celebrus.com .

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January 08, 2024 02:00 ET (07:00 GMT)