Arcontech Group PLC Increased client uptake of Excelerator
February 04 2019 - 2:00AM
RNS Non-Regulatory
TIDMARC
Arcontech Group PLC
04 February 2019
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Increased client uptake of Excelerator
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, is pleased
to announce a noteworthy increase in users of Excelerator, its
real-time market data Excel Add-in, at one of its clients, a
leading US Investment bank.
Under a new multi-year agreement reached in 2018, the latest
user count in January 2019 shows the Excelerator user base to have
grown by just over 100% since the end of 2018. In addition, users
of Arcontech's desktop solution software at the same client have
increased to 40.
Whilst the agreement has some flexibility to adjust Excelerator
user numbers during the term of the contract, maintaining the
current user base will result in an annualised increase in revenues
of approximately GBP200,000 per annum, underpinning the Board's
expected financial performance for the Company for the financial
year ending 30 June 2019.
Enquiries:
Arcontech Group plc 020 7256 2300
Richard Last, Chairman and Non-Executive
Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker) 020 7220 0500
Carl Holmes/Simon Hicks - Corporate
Finance
Camille Gochez - ECM
To access more information on the Group please visit:
www.arcontech.com
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.
END
NRAZMGGZKMVGLZM
(END) Dow Jones Newswires
February 04, 2019 02:00 ET (07:00 GMT)
Arcontech (LSE:ARC)
Historical Stock Chart
From Apr 2024 to May 2024
Arcontech (LSE:ARC)
Historical Stock Chart
From May 2023 to May 2024