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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Castleton Technology Plc | LSE:CTP | London | Ordinary Share | GB00BYV2WV72 | ORD 2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 94.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCTP
RNS Number : 9721B
Castleton Technology PLC
10 April 2017
Castleton Technology plc
("Castleton", the "Group" or the "Company")
Contract Wins
Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, is pleased to announce that it has secured two multi-year contracts extending the Group's contract base and level of recurring revenue across both its Managed Services and Software Solutions divisions.
The first is a seven year contract with North Hertfordshire Homes with a total contract value ("TCV") of GBP2.6 million for the provision of a fully managed hosted desktop service.
The second is a three year contract with a community regeneration and housebuilding company for Castleton's scheduling software product, Impact. The contract is on an annually recurring subscription basis with a TCV of GBP0.8 million over the three year term.
Dean Dickinson, CEO of Castleton, said: "These significant contracts are evidence of the progress we are making with our stated strategy of growing recurring revenue and moving away from one-off transactions. Furthermore, they are evidence of how well-placed we are to win new customers and bigger contracts within our chosen sectors. As we expand our customer base, we are also seeing increasing opportunities for upselling and cross selling other products and services across the Group, giving me great confidence in Castleton's future prospects."
Mick Gallagher, Director of Resources at North Hertfordshire Homes said: "We are delighted to be working with Castleton in supporting the transformation of our IT and Digital service offer to colleagues and customers alike. We have an ambitious road map for change and have great confidence that in working with Castleton that these changes will be achieved."
Enquiries: Castleton Technology Tel. +44 (0)845 plc 241 0220 Dean Dickinson, Chief Executive Officer Haywood Chapman, Chief Financial Officer finnCap Tel. +44 (0)20 Jonny Franklin-Adams 7220 0500 / Simon Hicks MXC Capital Markets Tel. +44(0)20 LLP 7965 1849 Marc Young / Charlotte Stranner Alma PR Tel. +44(0) Josh Royston 7780 901979 About Castleton Technology plc Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The acquisitions of Montal, Documotive, Opus, Keylogic, Brixx, Impact Applications and Kypera bring together an exceptional suite of solutions, providing the foundation for this platform. Castleton works in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
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April 10, 2017 02:00 ET (06:00 GMT)
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