Rosslyn Data Technologies PLC Contract Renewals (9933Q)

TIDMRDT

RNS Number : 9933Q

Rosslyn Data Technologies PLC

25 June 2020

25 June 2020

Rosslyn Data Technologies plc

("Rosslyn" the "Group")

Significant contract renewals underpin Annual Recurring Revenue

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has recently renewed a number of client contracts with extended durations which will help underpin management's current expectations for the Group's Annual Recurring Revenue ("ARR") in future periods. As previously announced, the Company will enter the 2021 financial year with anticipated ARR in excess of GBP6.0 million.

The three contracts have a combined ARR of GBP0.9 million and a total contract value of approx. GBP1.5 million and will expire between September 2021 and June 2023. The end clients are an international telecoms business, a world-renowned American university, and a UK government department.

These long-term commitments reflect increasing client confidence in Rosslyn and the durability of Rosslyn products and services.

Rosslyn Chief Executive Officer, Roger Bullen said ;

"We're pleased that these blue-chip clients are prepared to commit to Rosslyn for longer periods. This says a great deal about client confidence in Rosslyn, our products, support and staff, also to our ongoing commitment to maintain and improve our products."

 
                                                                 [phone] 
                                                                  3345 
   Rosslyn Data Technologies    Roger Bullen, Chief Executive     [phone] 
   plc                           Officer                          8008 
                                                                 [phone] 
                                                                  7441 
  Ash Mehta, Chief Financial                                      [phone] 
   Officer                                                        7798 
 Cenkos Securities, 
  Nominated Adviser,                                             [phone] 
  Broker                        Stephen Keys/Giles Balleny        8924 
 

Notes to Editors

Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider of a cloud-based big-data analytics platform. The company provides analytical services by combining four key technologies: bulk 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. Further information can also be found on the Company's website at: www.rosslyndatatech.com

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June 25, 2020 02:00 ET (06:00 GMT)