Ingenta PLC Vista as a Service gaining traction
October 07 2020 - 2:00AM
RNS Non-Regulatory
TIDMING
Ingenta PLC
07 October 2020
RNS Reach
7 October 2020
Ingenta PLC
("Ingenta" or the "Company")
Vista as a Service gaining traction
Ingenta plc (AIM: ING) , a leading provider of innovative
content solutions, is pleased to confirm, further to its Interim
Results dated 21 September 2020, that it has agreed final terms
with a major global publisher on a multi-year contract for Vista as
a Service. The deal has been revenue-generating since April 2020
and is expected to generate revenues of up to approximately GBP2
million over its initial 3-year term, with the option to renew for
a further 2 years at the client's discretion.
Ingenta's Vista hosting platform allows customers to focus on
their core business activities rather than the peripheral
infrastructure required to run and maintain a sophisticated ERP
solution. Publishers and content providers of all sizes are
increasingly looking to outsource this aspect of their operations
and Ingenta's skilled teams can advise and tailor a solution to
meet the business specific requirements.
There is no material change to the Company's financial condition
or expected performance, as described in the Company's Interim
Results dated 21 September 2020, as a result of agreeing final
terms.
Scott Winner, CEO of Ingenta, said: "During 2020 we have added
several new clients who are utilizing our software solutions and I
am pleased to be able to work with our partners, both old and new,
and enable them to achieve their strategic goals."
-Ends
For further information, please contact:
Heather Lantz: +44 (0)1865 397873, heather.lantz@ingenta.com
About Ingenta
We are one of the world-leading providers of content solutions
to progressive publishers. Our vision is to deliver practical
innovation, built with expertise and honed through long-term
partnerships. Drawing on over 40 years of industry experience, we
help you simplify, manage, promote and deliver your content -
wherever you are in the world.
Quoted on the AIM market of the London Stock Exchange, the
Company operates jointly from Europe and North America.
Visit ingenta.com, follow @WeAreIngenta on Twitter, or connect
on LinkedIn.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. 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
NRABRBDGDDGDGGL
(END) Dow Jones Newswires
October 07, 2020 02:00 ET (06:00 GMT)
Ingenta (LSE:ING)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ingenta (LSE:ING)
Historical Stock Chart
From Jul 2023 to Jul 2024