TIDMSPA
RNS Number : 1560Z
1Spatial Plc
10 January 2024
10 January 2024
1Spatial plc
("1Spatial", the "Group" or the "Company")
Enterprise contracts wins
Demonstrating the growth of 1Spatial Enterprise business across
key geographies, closing the year with good momentum
1Spatial, (AIM: SPA), a global leader in Location Master Data
Management (LMDM) software and solutions, secured several
multi-year Enterprise contracts in December, strengthening the
Group's position across its key geographies and closing the year
with good momentum.
Two-year expansion contract to support the Californian
Department for Transportation in partnership with Rizing
1Spatial has signed a two-year contract with Rizing, a global
SAP partner, to support its Transportation Asset Management System
(TAMS) project for the California Department of Transportation
(Caltrans). Providing $0.4 million in additional annual recurring
revenue, the contract will see 1Spatial's 1Integrate and
1DataGateway products used for their unique data migration and data
validation capabilities. There are opportunities for extension of
licence terms as well as significant further expansion within the
account. This is the second contract with Caltrans, secured
alongside Rizing, demonstrating the strength of the long-standing
partnership and demand for 1Spatial's unique technology.
Three-year contract extension with a Global Utility
headquartered in France
A major European utility customer has renewed its software
licence subscription for 1Spatial's GIS Framework and 1Integrate
products, extending the term from one year to three years. The
software is fundamental to the management of the customer's water
and sewage network system and allows the creation of tailored
applications to monitor efficiency. The contract has a total value
of approximately EUR1.8 million over the initial three-year period,
with an estimated EUR1.2 million allocated to managed services and
EUR0.6 million to term license revenue. This key account presents
promising potential for future growth and the extension reflects
the ongoing satisfaction with 1Spatial's solutions and strength of
the Group's offering.
Four-year contract with ATKIS-1Gen
1Spatial has secured a four-year contract with ATKIS-1Gen, a
working group of ADV (Arbeitsgemeinschaft der
Vermessungsverwaltungen der Laender) that coordinates surveying and
mapping in Germany, focussed on the development of a cloud-based
generalisation product that will replace on-premise technology. The
total contract value, over the initial four-year term, is
approximately EUR1.3 million, with the opportunity for extension of
licence terms as well as expansion within the account. With
1Spatial's expertise and technology, ATKIS-1Gen will benefit from a
more efficient and configurable product creation process secured
within a managed cloud environment.
Commenting on the contract awards, 1Spatial CEO, Claire
Milverton , said: "We are delighted to have been awarded these
significant contracts from these major organisations, expanding our
presence in Europe and the US. These wins demonstrate that the Land
and Expand strategy in our Enterprise business is continuing to
deliver organic growth, and alongside our 1Streetworks and NG911
offerings, we believe the opportunity for 1Spatial has never been
greater. These wins prove that our customers understand the value
of our world-leading and innovative technology as we are
increasingly selected as the chosen provider on a repeat basis, and
we expect many further opportunities from our patented 1Integrate
offering across key geographies."
For further information, please contact:
1Spatial plc 01223 420 414
Claire Milverton / Stuart Ritchie
Liberum (Nomad and Broker) 020 3100 2000
Max Jones / Edward Mansfield / Anake Singh
Alma Strategic Communications 020 3405 0205
Caroline Forde / Hannah Campbell 1spatial@almastrategic.com
About 1Spatial plc
1Spatial plc is a global leader in providing Location Master
Data Management (LMDM) software, solutions and business
applications, primarily to the Government, Utilities and Transport
sectors via the 1Spatial platform. Our solutions ensure data
governance, facilitating the efficient, effective and sustainable
operation of customers around the world. Our global clients include
national mapping and land management agencies, utility companies,
transportation organisations, government and defence
departments.
Today, when using and sharing trusted data provides significant
opportunities for businesses and governments to deliver against
important sustainability and Net Zero goals, our vision is clear -
to make the world safer, smarter and more sustainable by unlocking
the value in data, enabling better decisions and greater
insights.
The 1Spatial platform is a comprehensive set of data and system
agnostic LMDM software components which helps ensure master data is
compliant, current, complete, consistent, and coordinated - and
that customers can be confident it will remain that way as it
evolves. It allows them to master their data on any device,
anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.
Our domain expertise and data agnostic approach allows us to be
an integral and important part of the Geospatial Ecosystem,
supporting the wider digital economy. We partner with major
technology consultancies and GIS providers such as ESRI and bring
together our people, innovative solutions, industry knowledge and
experience from our extensive customer base to deliver world class
solutions.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with
operations in the UK, Ireland, USA, France, Belgium, Tunisia, and
Australia.
www.1spatial.com
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1Spatial (AQSE:SPA.GB)
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