Rosslyn Data Technologies PLC Rosslyn wins two new contracts (8963A)

TIDMRDT

RNS Number : 8963A

Rosslyn Data Technologies PLC

30 May 2023

Rosslyn Data Technologies plc

("Rosslyn", the "Group" or the "Company")

Rosslyn wins two new contracts

Rosslyn platform adopted by leading European med-tech company and UK rail operator

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, is pleased to announce that it has secured two new contracts worth GBP422k in aggregate over a multi-year period and equating to an additional GBP120k in annual recurring revenue.

The first contract, which was awarded to Rosslyn under a competitive tender, is from a blue-chip European med-tech company which sells its products via its 9,000+ shops and outlets in over 20 countries. The customer is adopting a procurement and spend analytics platform as it seeks to increase efficiency and reduce costs across its supply chain.

The second contract is with an international consultancy that provides services and solutions to the transport industry and is utilising the Rosslyn platform on behalf of a UK train operating company.

Both contracts, which are for the provision of the Rosslyn procurement and spend analytics platform, represent the conversion of pipeline stemming from the end of the 2023 financial year.

Paul Watts, CEO of Rosslyn Data Technologies, said:

"We are pleased to have won these two contracts - and less than a month into our new financial year. They represent the conversion of some of the pipeline that we were near to closing at the end of last year. To have secured another multi-billion-euro customer under a highly competitive pitch is a great endorsement. It also reflects the trend of companies increasingly adopting technology like ours to reduce risk and enhance efficiency in the supply chain. We look forward to delivering value for our new customers and to building long-term relationships with them as well as to expanding our customer base as we continue to receive growing interest in our platform and convert our existing pipeline."

Enquiries

 
 Rosslyn 
 Paul Watts, Chief Executive Officer 
  James Appleby, Chairman                +44 (0)20 3285 8008 
                                        -------------------- 
 
 Cenkos Securities (Nominated adviser 
  and Broker) 
                                        -------------------- 
 Stephen Keys/Camilla Hume               +44 (0)20 7397 8900 
                                        -------------------- 
 
 Gracechurch Group (Financial PR) 
                                        -------------------- 
 Harry Chathli/Claire Norbury            +44 (0)20 4582 3500 
                                        --------------------

About Rosslyn Data Technologies plc

Rosslyn (AIM: RDT) provides an award-winning spend analytics and predictive analytics platform. The Rosslyn Platform helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering

rapid ROI.   For more information visit www.rosslyn.ai

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CNTPPUUUAUPWGBB

(END) Dow Jones Newswires

May 30, 2023 02:00 ET (06:00 GMT)

Rosslyn Data Technologies (LSE:RDT)
過去株価チャート
から 3 2024 まで 4 2024