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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cybit Hldgs | LSE:CYH | London | Ordinary Share | GB00B04QS651 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 73.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:2181R CybIT Holdings PLC 23 October 2003 23 October 2003 CYBIT HOLDINGS PLC ("CYBIT") CYBIT ANNOUNCES 3 YEAR PARTNERSHIP AGREEMENT Cybit Holdings PLC ("Cybit") is pleased to announce a minimum three-year partnership agreement with Lex Vehicle Leasing ("Lex"), a subsidiary of RAC PLC and HBOS PLC, which should deliver annual revenues in excess of #3 million to Cybit. The success of Cybit's initial partnership with Lex over the past 12 months has exceeded expectations. Under the new three-year agreement, Lex will market Cybit's technology and products to its customer base and new prospects. The new contract reinforces Lex's commitment to integrate Cybit's Fleetstar-Online technology into Lex's "Interactive Fleet Manager" offering. This move further strengthens Cybit's coverage within the telematics sector. Cybit now has partnership deals with Smart Moves to distribute its Drive-IT solutions and other strategic deals with Norwich Union, Mandata and Signature Industries. In addition, Cybit recently announced a partnership with Vanguard PLC which is expected to be worth in excess of #1.5m in additional revenues. Richard Horsman, Chief Executive of Cybit Holdings PLC, said: "This is another significant step forward for Cybit. This deal fortifies the most successful partnership between a telematics and vehicle leasing company to date. Lex's continued endorsement of our products is very satisfying and demonstrates the strength of our products and market leading position within the telematics industry." Jon Walden, Managing Director, Lex Vehicle Leasing, said: "Following a review of telematics service providers Lex is delighted to renew its partnership with Cybit. Significant factors included the achievements of the last 12 months, combined with both parties commitment to the development of the strategic alignment. Lex believes that this partnership will continue to offer its customers a real point of differentiation in the vehicle leasing marketplace." For more information please contact: Bell Pottinger Financial Jonathon Brill/Charlotte Kirkham Tel: 020 7861 3232 About Cybit Cybit is a leading provider of fleet management and telematics solutions, delivering a full range of Internet-based software and support service to private motorists, vehicle fleet managers and commercial haulage operators. Cybit operates a number of telematics platforms, from end-to-end OEM solutions to its own generic platform, providing satellite tracking of mobile assets via street-level digital maps. This enables Cybit operators to obtain data and deliver services or assistance via wireless networks for safety critical events, accident or breakdown, as well as providing support if a vehicle is stolen, or a driver is late or lost. By facilitating the processing of this information for financial management purposes, Cybit then frees users up to promote best use of existing resources. For more information about Cybit's technology solutions, please contact Philip Szomszor at IBA Europe on 01780 721433. About Lex Part of RAC plc, Lex provides a comprehensive range of motoring and vehicle solutions to help businesses improve their efficiency and effectiveness. Lex is proud to have a motoring services heritage dating back to 1928. Today some 20,000 businesses across the UK, including two thirds of the FT-SE 100 companies, trust us to provide them with motoring and vehicle services. The Lex businesses are: * Lex Vehicle Leasing, the UK's leading contract hire provider for company car and van fleets, with 99,000 vehicles under management. Lex Vehicle Leasing is a joint venture with Halifax plc. * Lex Transfleet, an award-winning provider of commercial vehicle fleet support services, offering expert and impartial advice on fleet management, rental, contract hire, driver management solutions and workshop services. Lex Transfleet is a joint venture with Lombard North Central. * Lex Komatsu South, providing Komatsu lift trucks on sale or contract hire together with comprehensive engineering support. * Lex Commercials, the UK's leading commercial vehicle dealer network, selling and maintaining new and used vans and trucks and selling van, truck and trailer parts. * Lex Auto Logistics, providing purchasing, inventory management, warehousing and distribution of parts to support businesses' logistics requirements. * Lex Defence, providing a unique range of skills and services to support the fleet requirements of the British Armed Forces. For more information about Lex's fleet funding and management solutions, please contact Peter Knights in the Lex Vehicle Leasing press office on 0870 112 5741. This information is provided by RNS The company news service from the London Stock Exchange END AGREAKEDASDDFEE
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