Rosslyn Data Technologies PLC Contract Win (4509T)

TIDMRDT

RNS Number : 4509T

Rosslyn Data Technologies PLC

03 July 2018

3 July 2018

Rosslyn Data Technologies plc

("RDT", the "Company", "Rosslyn" or the "Group")

Material Contract Win

Global Brewer Selects Rosslyn Data Technologies

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that RDT, with the deployment of its RAPid Platform, has secured a 3 year spend analytics contract worth over EUR1,000,000, with EUR500,000 initially in the first year and EUR250,000 per annum thereafter. The contract includes options to extend beyond the term as well as the capability of providing additional technical and professional services during the contract life to help the client generate maximum business value.

This client is a high profile global brewing giant which has successfully grown organically and through acquisition. The technology landscape in which it operates is complex, covers many operating companies, geographies, languages and complex data systems. The level of complexity means that the client's data challenges are extremely high and the Board believes that their selection of Rosslyn is a demonstration of the trust in the RAPid platform.

Rosslyn' was able to demonstrate to the client RDT's ability to effectively extract and integrate millions of rows of data, which are then automatically cleansed, classified and enriched on a daily basis. Many large global companies are unable to do this on a monthly basis due to technical limitations. The RAPid platform, and its integrated data technologies, empowers business teams to now analyse procurement data on an almost real-time basis.

The RAPid platform is enabling this large global company to enable its +400 decision makers, based around the world, with up to date and relevant information that will support them to better manage and mitigate supply chain risks, capture valuable procurement savings, deliver business efficiencies, improve employee productivity and meet a growing register of compliance and regulatory obligations. This forward thinking organisation sees their data as an important source of value and with new and innovative technologies such as blockchain and predictive analytics finding their way into procurement, sourcing and supply chain management, they required a platform that would support their evolving needs.

Roger Bullen, said:

"I am thrilled that Rosslyn has won this high profile client in a highly competitive and demanding process. Our focus on the spend data analytics market continues to deliver a number of opportunities and this extremely important win demonstrates the continued demand for our data services in this sector and our expertise in managing complex, vast data sizes, requiring rapid and efficient deployment. Being selected by this leading company shows that our RAPid platform is the technology of choice for companies serious about leveraging the value of their data in order to improve business performance. This win also underpins the progress we are making in increasing our average annual contract value."

This announcement contains inside information.

 
                                                          [phone] 
                                                           3203 
 Rosslyn Data Technologies    Roger Bullen,                [phone] 
  plc                          Chief Executive Officer     3345 
  Lance Mercereau 
   Chief Marketing Officer                                [phone] 
 
 
 Cenkos Securities 
  - 
  Nominated Adviser,                                      [phone] 
  Broker                      Stephen Keys                 8924 
 
 

Notes to Editors

Rosslyn Data Technologies plc, (AIM: RDT), a leading provider of a cloud-based data analytics platform, was founded in 2005 by Charles Clark and Hugh Cox. The company provides analytical services by combining four key technologies: data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers, including Babcock Corporate Services plc, Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn Data Technologies plc is the ultimate holding company of the Group and owns 100 percent of Rosslyn Analytics Limited.

Further information can also be found on the Company's website at: www.rosslynanalytics.com

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July 03, 2018 07:25 ET (11:25 GMT)