Actual Experience PLC Significant new customer deployments
May 07 2019 - 2:01AM
RNS Non-Regulatory
TIDMACT
Actual Experience PLC
07 May 2019
Actual Experience plc
(the "Company" or "Actual Experience")
Significant new customer deployments
Actual Experience plc (AIM: ACT), the analytics-as-a-service
company, is pleased to announce two further deployments of its
analytics with customers of two of its Channel Partners. Rollouts
of both deployments have commenced, initially at small scale. These
are both blue chip organisations; one is a leading global
software-as-a-service company, and the other is a major UK
government department.
Generally our Channel Partners' customers are large scale global
blue chip enterprises that we believe, on average once deployed at
full scale will generate $500,000 per annum, per customer. Some
customers will deploy at full scale immediately, while most will
deploy initially at small scale and grow to full scale within the
typical timescale of 18 to 24 months. We think of these deployments
as 'land and expand' opportunities and typically they will not
contribute significantly to ARR in the short term.
Dave Page, CEO of Actual Experience, commented:
"I am delighted with these deployments. Engagement with these
Channel Partners has been transformed since the full scale
implementations announced last year. The new pipeline of
opportunities generated as a result of this change in engagement
are starting to reach the point in the sales cycle whereby deals
can be closed. Importantly, these two customers represent the first
deployments from this new pipeline. What is particularly pleasing
is to see the vast machinery of our Channel Partners is beginning
to work for us."
Enquiries:
Actual Experience plc via Alma PR
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496 3000
Shaun Dobson
Lauren Kettle
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde Tel: +44 (0)7779 664584
Helena Bogle Tel: +44 (0)7580 216203
About Actual Experience
Actual Experience's analytics provide the digital Voice of the
Customer. This is a real-time, data-driven view of what end users
would say about the quality of a company's digital products and
services, and why. Our customers can analyse everything that
impacts the experience quality in their digital supply chains, for
any service, type of user or the Internet of Things. It gives them
complete transparency from the point of provision to the point of
use and whether inside or outside their business's control. The
insights can be used to make continuous improvements to their
business performance.
Actual Experience is listed on the London Stock Exchange (AIM:
ACT). Our development Headquarters are in Bath, UK, and we also
have offices in London. Actual Experience's unique and patented
digital analytics-as-a-service is founded on ten years of
cutting-edge research at Queen Mary University of London.
For further information please visit
www.actual-experience.com
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END
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