Acuity RM Group Plc - Contract

Acuity RM Group Plc - Contract

PR Newswire

LONDON, United Kingdom, May 13

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

Acuity RM Group plc

("Acuity" or the "Group")

 

Contract Win

 

Acuity (AIM: ACRM), the software group, is delighted to announce that its wholly owned operating subsidiary, Acuity Risk Management Limited (`ARML') which supplies the award-winning STREAM software platform for the Governance, Risk and Compliance ("GRC") market, together with associated consultancy services, has won a three year contract worth more than £500,000, all of which is payable in the current financial year.

 

This contract comprises a renewal as well as upsell of Acuity's STREAM® software platform for GRC together with associated services to a major organisation within the British Government.  This is the third order of similar size received from this organisation in the past 12 months.

 

Angus Forrest, Executive Chairman, commented; "This new contract validates our increasing presence in the customer's infrastructure and importance to the customer.  Further, it provides credibility to other potential customers as Acuity expands in the UK and North America.  Acuity is growing strongly because of closer links with customers leading to more upsell, winning larger orders and growing the customer base."

 

For further information please contact:
Acuity RM Group plc	https://www.acuityrmgroup.com
Angus Forrest	[phone]
WH Ireland (NOMAD & Broker)	www.whirelandplc.com/capital-markets
Mike Coe / Sarah Mather	[phone]
Peterhouse Capital (Joint broker)
Lucy Williams / Duncan Vasey	[phone]
Clear Capital (Joint broker)
Bob Roberts	[phone]

 

Note to Editors

Acuity RM Group plc

Acuity RM Group plc (AIM: ACRM), is an established provider of risk management services. Its award-winning STREAM® software platform collects data about organisations to improve business decisions and management.  It is used by around 70 organisations in markets including government, utilities, defence, broadcasting, manufacturing and healthcare.

 

The Company is focused on delivering long term, sustainable growth in shareholder value. In the short to medium term this is expected to come from organic growth and thereafter may also come from complementary acquisitions.

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