SysGroup PLC Contract Win (6088G)

TIDMSYS

RNS Number : 6088G

SysGroup PLC

05 March 2018

SysGroup plc

("SysGroup" or the "Company" or the "Group")

Contract win

SysGroup PLC (SYS.L), the managed IT services and cloud hosting provider, today announces that it has signed a three year managed hosting services contract with T.J. Morris Limited, which trades as Home Bargains, and is one of the UK's largest high street discount retailers ("Home Bargains"). The contract value is more than GBP950,000 over the term of the contract and will commence in March 2018. This contract reflects the Board's strategy of focusing on managed services which provide the Company with higher quality earnings through long term relationships.

The contract comes after a competitive and in-depth process to demonstrate to Home Bargains the Group's capabilities in secure, managed infrastructure hosting and support. At a time when the adoption of General Date Protection Regulation ("GDPR") is just around the corner, many UK enterprises are keen to ensure that their data is not only hosted in safe hands, but their environments are also protected from the vulnerabilities of the public internet.

Adam Binks, Chief Operating Officer of SysGroup, commented: "This is a significant win for SysGroup both in terms of the size of contract and external validation of the Group's capabilities by another household name. We look forward to securing future business in the retail sector."

Frank Christiansen, IT director at T.J. Morris Limited added: "We selected SysGroup as our new managed services provider due to its strength, understanding and ability to implement security measures that conform to the requirements of GDPR, as well as its extensive, flexible and consultative-led approach to IT solutions."

 
 For further information please 
  contact: 
                                          Tel: [phone] 
  SysGroup plc 
  Michael Edelson, Executive Chairman 
  Adam Binks, COO 
  Julian Llewellyn, CFO 
 Shore Capital (Nomad and Broker)       Tel: [phone] 
  Edward Mansfield / Anita Ghanekar 
 Alma PR (Financial PR)                 Tel: [phone] 
  Josh Royston / Hilary Buchanan 
  / Helena Bogle 
 

About SysGroup

SysGroup is a leading provider of Managed IT Services, Cloud Hosting, and expert IT Consultancy. The Group delivers solutions that enable clients to understand and benefit from industry leading technologies and advanced hosting capabilities. SysGroup focuses on a customer's strategic and operational requirements - enabling clients to free up resources, grow their core business and avoid the distractions and complexity of delivering IT services.

The Group has offices in Liverpool, Coventry, London and Telford.

For more information, visit http://www.sysgroup.com

This information is provided by RNS

The company news service from the London Stock Exchange

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March 05, 2018 02:00 ET (07:00 GMT)