16 October 2024
4GLOBAL plc
("4GLOBAL" or "the Group")
Significant contract
extension and expansion with international
customer
4GLOBAL, a provider of data and
technology for sports, fitness and wellness organisations to
optimise operational and investment decisions, is pleased to
announce a two-year extension of its framework contract with the
Peruvian government to mid 2027. The value of the new agreement is
significantly higher than the original, signed in 2021
(https://investors.4global.com/app/uploads/2021/12/4-Global-New-Contract-Win-Dec-2021.pdf).
The contract extension is consistent
with 4GLOBAL's strategic priority of increasing customer lifetime
value and further demonstrates the demand for and efficacy of its
offering internationally.
An Insight Lab project, 4GLOBAL was
originally selected as one of a number of technical delivery
partners to work alongside the UK Government to provide specialised
data and technical assistance to the Peruvian government on a major
ongoing initiative to create 75 new schools.
This extension will enable the
Peruvian government to continue leveraging 4GLOBAL's data and
experts, supporting its efforts to maximise student activity levels
and forge strong connections between the schools and local
communities.
The Board's expectations for the
outturn for the Company's current financial year remain
unchanged.
Eloy Mazon, CEO of 4GLOBAL,
commented:
"This extension is a powerful demonstration of the stickiness
of customers once they have experienced firsthand 4GLOBAL's ability
to leverage data to transform investment
planning.
The continued success and repeat business we've enjoyed in
Peru highlights our ability to enter entirely new markets and add
substantial value through the flexibility of our data and expertise
in applying it effectively.
Our ongoing relationship with the Peruvian government is a key
customer reference and positions us strongly to secure similar
agreements in key markets like North America, where we are actively
expanding our efforts."
Contacts
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4GLOBAL
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via Alma
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Eloy Mazon (CEO)
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Stuart Wooller (Group Finance
Director)
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Spark Advisory Partners (Nominated Adviser)
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+44 (0)20 3368 3554
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Neil Baldwin
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Canaccord Genuity (Broker)
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+44 (0)20 7523 8000
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Bobbie Hilliam
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Alma Strategic Communications
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+44 (0)20 3405 0205
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Rebecca Sanders-Hewett
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4global@almastrategic.com
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David Ison
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Louisa El-Ahwal
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Josh Royston
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Will Ellis Hancock
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About 4GLOBAL
4GLOBAL empowers sports, fitness and
wellness organisations to make faster, smarter decisions about
their operations, customers and investments through data and
actionable insights.
It operates the largest sport
participation and facility database in the world, with more than 4
billion data points.
Sourcing data from health &
fitness operators, community programmes and other structured
activities through its DataHub while drawing on information from
GPS location updates and wearable devices, 4GLOBAL's unique
combination of data assets provides a holistic view of physical
activity patterns.
4GLOBAL is at the forefront of
predictive modelling and advanced analytics, with the insights it
generates empowering customers to drive efficiencies, improve
customer relationships and make more informed strategic
decisions.
Its customers span both the public
and private sectors, including central and local governments,
cities, sporting bodies, trade associations, health & fitness
operators and sports clubs.
Key markets include North America,
the Middle East and Europe. Its headquarters are in London with
offices in Miami and Istanbul.
4GLOBAL was founded in 2002 and
listed on AIM in 2021 under the ticker 4GBL.