Vianet Group PLC Annual Financial Report (3377M)

TIDMVNET

RNS Number : 3377M

Vianet Group PLC

13 September 2023

Vianet Group plc

("Vianet" or the "Group")

Annual Report and Accounts

Vianet Group plc (AIM: VNET), the international provider of actionable data and business insight through devices connected to its Internet of Things platform ("IOT"), confirms that its annual report and accounts for the year ended 31 March 2023 has been posted to shareholders and is available on the Company's website at: https://vianetplc.com/financial-reports-results/ .

Change of Name of Nominated Adviser and Broker

The Company also announces that its Nominated Adviser and Joint Broker has changed its name to Cavendish Securities plc following completion of its own corporate merger.

- Ends -

Enquiries:

 
 Vianet Group plc 
 James Dickson, Chairman & Interim      Tel: [phone] 
  CEO                                             358 800 
  Mark Foster, CFO                      www.vianetplc.com 
 Cavendish Securities plc 
 Stephen Keys / Camilla Hume         Tel: [phone] 
                                                     8900 
                                        www.cavendish.com 
 

Investor enquiries:

 
 Dale Bellis           Tel: [phone] 
                        8900 
 

About Vianet

Vianet Group capture and process operational data to produce critical insight, analysis and actionable information enabling customers to transform business performance.

Since its Admission to AIM in 2006, the Group has grown from its core beer monitoring business to widen its offering and develop new businesses, especially in vending telemetry and contactless payment solutions particularly for the premium coffee sector.

Servicing over three hundred customers across the world and rendering live data to our IOT platform from a footprint of over 210,000 connected devices daily, Vianet is one of the largest business to business connected solutions providers in Europe with established long-term relationships with blue chip customers and growing recurring revenues which are over 85% of our total revenues.

In our Smart Machines division, we connect a single data gathering device to a customer's asset or system. The device then sends data back via our IOT platform to cloud based servers. The flexibility and functionality of the device means the technology can be applied to any machine which has the capability to output data. In our award-winning end-to-end solution the device is also used to connect our contactless payment solution and communicate payment terms to our cloud-based payment services providers.

The Smart Zones division is where we connect multiple data gathering devices into one or more systems or assets with the data from those devices being communicated back to our IOT platform via a single 4G LTE communications hub. The technology was originally developed for beverage and asset management in drinks retailing but can be used with any data gathering device with a digital output such as gaming machines, utilities management. and POS.

   For further information, please visit   www.vianetplc.com 

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(END) Dow Jones Newswires

September 13, 2023 06:46 ET (10:46 GMT)