RegTech Open Project PLC UK Contract win (9791X)

TIDMRTOP

RNS Number : 9791X

RegTech Open Project PLC

28 December 2023

UK Contract win

RTOP signs first UK contract with Eram Capital Partners to provide its Open Orbit Platform technology

RegTech Open Project plc ("RTOP" or the "Company") the technology business specialised in the automation, management, and optimisation of regulatory compliance operations today announces that it has agreed a major contract with Eram Capital Partners, a UK based investment holding company, to implement the Open Orbit Platform (the "Platform") in each of Eram's portfolio companies. Eram has strategic interests in a diverse array of companies across various industries including real estate, financial technology, renewable energy, and natural resources.

The contract to supply software and services marks RTOP's first UK customer for the Platform. Eram's investment in the Platform demonstrates its commitment to enhancing the operational resilience of its businesses, allowing it to provide its clients and investors with unparalleled performance and assurance, utilising RTOP's market-leading technology.

The agreement will help Eram to drive substantial efficiencies in each of its portfolio businesses and enable a comprehensive, proactive approach to operational resilience. The assurance provided by the Platform will further enhance Eram's reputation as leader in implementing new technologies and approaches to enhance its strategic risk management.

Through the Platform, Eram and each of its portfolio companies will have real-time, dynamic command and control during any operational disruption, including creating and viewing cross-functional and scenario-based continuity plans, tracking and managing all continuity and recovery activities, and maintaining visibility and control over the continuous operational resilience activities. Eram and its portfolio businesses will also benefit from the dynamic dashboard and reporting capabilities both internally and externally for customers and auditors.

Ian Halliday-Pegg CEO or RTOP said:

"We are proud to be executing on our strategy of geographic expansion and entry into the UK market. Our contract with Eram, as a major UK investor and strategic operator in key industries with a mature business continuity capability, demonstrates the attractiveness and strength of RTOP's proposition and its ability to elevate business continuity to genuine operational resilience. This will be a flagship implementation in the UK, creating the opportunity to prove the value of our solutions across these UK industries.

EMAD MORRAR, Managing Partner of Eram commented:

"To further enhance Eram's position with its investors and the clients of its portfolio companies, and support the future expansion of our overall business, our investment in Operational Resilience and the Orbit Open Platform is fundamental to providing and demonstrating unparalleled resilient services to all our stakeholders and driving efficiencies across the business. RegTech Open Project has been able to demonstrate with the Orbit Open Platform, its ability to meet our stringent demands and deliver capabilities and efficiencies that are beyond what we could have achieved with only our current systems."

Enquiries:

 
 RegTech Open Project plc 
  Ian Halliday-Pegg, CEO            c/o Instinctif Partners 
 Instinctif Partners (Financial   regtech@instinctif.com 
  PR)                              +44 (0)79 1717 8920 
  Guy Scarborough                  +44 (0)75 0002 7181 
  Bryn Woodward

About Eram

Eram Capital Partners is a UK based investment holding company, formed in 2013, with its founding partners having had renowned histories and senior positions in major global investment banks. Eram invests across key industries including real estate, financial technology, renewable energy, and natural resources, where Eram has strategic control and operational oversight across its array of portfolio companies. Eram has a policy of implementing new technologies and industry best practices at its headquarter operations and in each of its portfolio compaies. Eram prides itself in being a leader in new approaches to strategic risk management which resonates positively with Eram's investors and with the clients of Eram's portfolio businesses. Eram Capital Partners main office is based in London, with operations in the UK, Europe, the Middle East, and South America (for further information visit https://erampartners.com/ ).

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December 28, 2023 02:00 ET (07:00 GMT)

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