Rosslyn Data Technologies PLC Contract Wins (4591M)

TIDMRDT

RNS Number : 4591M

Rosslyn Data Technologies PLC

31 July 2017

Rosslyn Data Technologies plc

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

Major Contract Wins and Global Enterprise Data Management Partnership

Rosslyn Data Technologies selected for Spend Analytics by Major International Corporations

The Company is pleased to report that it has won three contracts worth, in aggregate, in excess of GBP1 million over a 3 year period, one of which is with one of the large enterprises the Company has previously reported it has been in contract negotiations with.

The largest of the contracts is with a world leading enterprise data management company which will involve white labelling and the client reselling Rosslyn's RAPid cloud based analytics The Board believes the signing of this contract validates the Group's partnership strategy, demonstrating the ability to monetise these partner relationships as they recognise the scalability and utility of the RAPid platform. Partners integrate RAPid to form part of their own product suite. This contract enables the Partner to sell the RAPid platform in its own name to a world-wide client base via a salesforce in excess of 200 people.

The other two contracts are with a blue chip leisure and hospitality company and one of the largest privately owned FMCG groups in Central Eastern Europe Middle East & Africa. Both of these clients will be utilizing the Group's RAPid Spend Analytics suite of applications to identify and mitigate an increasing number of strategic risks that they face as a result of their global operations and market reach. The value of the RAPid platform will enable the clients to effectively bring together data from multiple disparate sources both internally and externally, enabling them to achieve their business objectives. At the same time, this rich foundation of information empowers the various teams to improve the quality of their data, visualize issues and identify opportunities that otherwise may have remained hidden.

The Group's sales pipeline remains healthy and the Directors continue to be in contract negotiations with a number of the large enterprises previously referred to and continue to expect these opportunities to be converted into contract wins.

Integration of the recently announced acquisition of Integritie is progressing well and the cost savings previously identified are being implemented.

The acquisition of Integritie has added further to Rosslyn's product suite and the Board is pleased with the pipeline of sales and cross sell opportunities that are being generated. Additionally sales leads are being generated for the RAPid analytics platform from the Integritie client base and we look forward to updating the market on our continued progress in due course.

Roger Bullen, said:

"I am thrilled that Rosslyn has won these high profile clients in competitive and demanding processes. Our focus on developing innovative spend analytics solutions continues to deliver a number of business opportunities for us. These wins demonstrate the demand for our services in the market. Being selected by the country's largest brands and a leading enterprise data management company shows that our RAPid Cloud Platform is the technology of choice for companies serious about leveraging the value of their data in order to improve business performance.

Furthermore, I am delighted with our acquisition of Integritie and we are seeing it add to our critical scale and mass. I look forward to reporting on our progress in this regard in due course as we move towards profitability, away from reliance on the sale of cumbersome revenue items and increase our recurring revenues."

 
                                                          [phone] 
                                                           3203 
 Rosslyn Data Technologies    Roger Bullen,                [phone] 
  plc                          Chief Executive Officer     3345 
  Lance Mercereau 
   Marketing Director                                     [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 enterprise data analytics platform, was founded in 2005 by Charles Clark and Hugh Cox. Business Intelligence was ranked first in the top ten technology priorities for Chief Information Officers in 2012 by Gartner. 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 Aberdeen Asset Management plc, 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

This information is provided by RNS

The company news service from the London Stock Exchange

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July 31, 2017 02:00 ET (06:00 GMT)