Rosslyn Data Technologies PLC Contract Wins (0592Z)

TIDMRDT

RNS Number : 0592Z

Rosslyn Data Technologies PLC

08 January 2020

8 January 2020

Rosslyn Data Technologies plc

("RDT" the "Group")

Contract Wins

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won two large contracts with a minimum combined contract value of GBP0.9 million over their minimum term. The contracts are for delivery of Knowledge Capture part of Rosslyn's Information Management suite of products.

The first client win is a document search and management contract with a UK-headquartered insurance company with a large retail customer base. The client will be implementing Rosslyn's technology to enable its clients to access their documentation more easily through a self-service application. The client is expected to utilise the system to enable more than 3 million customer transactions per annum initially, increasing up to 14 million transactions per annum in due course. The three-year contract has a minimum value which will increase with the volume of transactions.

The second client win is an expansion of an existing knowledge capture contract with the UK subsidiary of a multinational data solutions business. The client is managing documentation storage for a UK government department relating to a data retention requirement lasting over many decades.

These latest contract wins add to a growing list of multi-national clients for both the Group's RAPid supply chain analytics and information management solutions adding GBP200K to the Company's ARR.

Rosslyn Chief Executive Officer, Roger Bullen said;

"These wins demonstrate again our ability to secure significant contracts with large clients who have a variety of needs relating to managing structured and unstructured data continues to be effective. Our focus remains on growing recurring revenues capable of delivering strong margins.

 
                                                               [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                      Giles Balleny/Max Gould           8900 
 

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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January 08, 2020 02:00 ET (07:00 GMT)