Rosslyn Data Technologies PLC Contract Win

TIDMRDT

Rosslyn Data Technologies PLC

09 July 2019

09 July 2019

Rosslyn Data Technologies plc

("RDT" the "Group")

Contract Win

Multi-national client wins

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won two contracts with a total contract value exceeding GBP0.6 million. The contracts are for delivery of procurement and supply chain analytics solutions to more effectively manage costs, compliance and risks.

One of the clients is a science-led sustainable technologies business employing 15,000 people in over thirty countries around the world. The client's specific needs included a better understanding of global procurement performance by supplier, by client site and also the impact of price changes on profits, which Rosslyn's RAPid platform was able to meet comfortably.

The other client is a multinational general insurance company with operations in more than 140 countries. The client is implementing the RAPid platform along with Savings Tracker which is a module enabling procurement teams to track projects, and forecast and track savings, and provides reporting capabilities for communication throughout organisations.

These latest contract wins add to a growing list of multi-national clients seeking to better understand their group-wide procurement and supplier data and embracing cloud technology solutions to help them improve their operational efficiencies.

Rosslyn Chief Executive Officer, Roger Bullen said;

"These wins demonstrate our ability to win clients in competitive processes across various industry sectors, including clients with very specific needs in their procurement functions. It is a further validation that our RAPid Analytics Platform is the technology of choice for companies serious about leveraging the value of their data to improve business performance."

About RAPid

Rosslyn's RAPid platform is designed to provide a strategically important platform for clients, allowing them to bring together data from multiple sources and enabling them to improve data quality, monitor risks, visualise issues and develop their own analytical views and processes to reduce cost and improve efficiency. This compares to the standard fixed traditional reporting and analysis that many of our competitors deliver. RAPid closes the gap between the user and their data and empowers them with easy to use and highly visual analytical functionality, to unlock the value of their data and identify opportunities that otherwise may have remained hidden.

This announcement contains inside information.

 
                                                               [phone] 
                                                                3345 
 Rosslyn Data Technologies    Roger Bullen, Chief Executive     [phone] 
  plc                          Officer                          3203 
                                                               [phone] 
                                                                7441 
  Ash Mehta, Chief Financial                                    [phone] 
   Officer                                                      3203 
 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 09, 2019 04:32 ET (08:32 GMT)