Crimson Tide PLC Contract Win (6310S)

TIDMTIDE

RNS Number : 6310S

Crimson Tide PLC

18 March 2021

18 March 2021

Crimson Tide Plc

("Crimson Tide" or "the Company")

Significant Contract Win

Crimson Tide Plc (TIDE) is pleased to announce a significant contract win with Compass Group, a global leader in food services. Compass Group provides food services and support services across five market sectors to a wide range of customers in the Private and Public Sectors. The client will be utilising mpro5 to ensure compliance across a broad range of customer and legislative requirements in the UK including brand standards, service quality, health and safety and food safety/allergen controls.

Data visualisation via custom built Microsoft Power BI dashboards, will provide invaluable real-time insights for Compass Group and empower the business to make more informed decisions in their operations.

The subscription contract is for a minimum 36-month period and the total contract value exceeds GBP1.2million. The contract represents a significant increase in the scale of mpro5 usage by this client (approximately GBP1.1million of the total value) as well as consolidating a number of smaller existing arrangements into its scope.

Barrie Whipp, Chairman, commented: "Whilst we have maintained a diverse range of smaller contracts with Compass Group for some time, this contract, to ensure compliance across its food services, is a significant demonstration of the ability of mpro5 to cover a wide range of processes and the Company's ability to broaden its reach within existing customers and enhance value over time."

For further information:

Crimson Tide plc

   Barrie Whipp / Luke Jeffrey                                                          01892 542 444 

finnCap (Nominated Adviser and Broker)

   Corporate Finance: Julian Blunt / James Thompson                [phone] 

Corporate Broking: Andrew Burdis

Alma PR (Financial PR)

Josh Royston [phone]

For further information on Crimson Tide plc, see the website at: www.crimsontide.co.uk

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March 18, 2021 03:00 ET (07:00 GMT)