Share Name Share Symbol Market Type Share ISIN Share Description
Nasstar Plc LSE:NASA London Ordinary Share GB00B0T1S097 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.75p 10.50p 11.00p 10.75p 10.75p 10.75p 1,500 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 18.7 -1.8 -0.3 - 61.73

Nasstar PLC Significant Contract Win

07/11/2017 7:00am

UK Regulatory (RNS & others)


Nasstar (LSE:NASA)
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Nasstar PLC

07 November 2017

Nasstar plc

("Nasstar", "Company" or "Group")

Significant Contract Win

Nasstar (stock code: NASA), a provider of hosted managed and cloud computing services, is pleased to announce that following a successful proof of concept with a global media company it has secured a three year contract to deliver a fully managed public/private Hybrid cloud solution to a global workforce of 1,000 users. The contract is expected to generate at least GBP2.1m of revenues over the three-year term, with up to GBP3.3m of revenues possible if client user numbers remain as they are today. The contract will go live during a phased migration project which is expected to be fully complete by the end of June 2018.

This contract further ratifies the Company's leading approach and innovation in Hybrid cloud solutions. Nasstar will deliver a fully managed service to the 1,000 users that integrates Microsoft's public cloud solutions with the Nasstar private cloud hosted desktop. This is made possible because the Group holds a tier one agreement to sell Microsoft's cloud offerings and has Shared Computer Activation (SCA) accreditation. This SCA accreditation enables Nasstar to integrate O365 fully with hybrid platforms. Nasstar are one of only a few Microsoft partners that hold such accreditation today. This has enabled the Group to further integrate the O365 offering into its hosted desktop solution, embracing the innovations of O365 as a clear differentiator over its competitors.

Nasstar CEO, Nigel Redwood commented:

"This represents a significant win for Nasstar which was made possible by our innovation in developing a comprehensive managed service business, embracing both the public and private cloud offerings to deliver the best of both worlds to our clients. The investment we have made in our 24x7 capabilities, not only in support but also in projects, was a significant factor in enabling Nasstar to meet the demands of a global business such as this.

A contract of this size is testament to our growing ability to service larger clients and a further endorsement of the 'Nasstar 10-19' programme".

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

For further information, please contact:-

   Nasstar plc                                                                   +44 (0) 1952 225 000 

Nigel Redwood, Chief Executive Officer

Niki Redwood, Finance Director

   finnCap Limited (Nominated Adviser & Broker)               +44 (0) 20 7220 0500 

Julian Blunt, James Thompson (Corporate Finance)

Stephen Norcross (Corporate broking)

About Nasstar plc

Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.

Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.

Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.

Ends

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 07, 2017 02:00 ET (07:00 GMT)

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