KRM22 PLC New customer contract (5906O)
October 03 2019 - 2:00AM
UK Regulatory
TIDMKRM
RNS Number : 5906O
KRM22 PLC
03 October 2019
3 October 2019
KRM22 plc
("KRM22", the "Group" or the "Company")
New customer contract
KRM22 plc (AIM: KRM.L), the technology and software investment
company, with a particular focus on risk management in capital
markets, announces the signing of a significant new customer
contract for the Enterprise Risk Cockpit.
The customer will use the Enterprise Risk Cockpit to enhance its
enterprise risk management framework and processes globally. The
Enterprise Risk Cockpit will capture key linkages between business
processes, risks, controls and events, allowing the customer to
monitor and manage its enterprise risk profile.
This new customer contract is part of the previously announced
near term pipeline of opportunities and brings ARR to GBP4.2m as at
3 October 2019, increasing to GBP4.3m in 2020.
Keith Todd CBE, Executive Chairman and Chief Executive Officer
at KRM22 commented: "This new customer contract is an important
milestone for us, as the first major win for the Enterprise Risk
Cockpit since its launch in March this year.
This contract win shows further validation of the approach we
are taking and businesses growing need to reduce the cost and
complexity of risk management."
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220
0500
Carl Holmes / Kate Bannatyne / Matthew Radley
Alice Lane / Sunila de Silva (ECM)
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM
on 30 April 2018. The Company has been established with the
objective of creating value for its investors through the
investment in, and subsequent growth and development of, target
companies in the technology and software sector, with a focus on
risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22
helps capital market companies reduce the cost and complexity of
risk management. The Global Risk Platform provides applications to
help address firms' regulatory, market, technology and operations
risk challenges and to manage their entire enterprise risk
profile.
Capital markets companies' partner with KRM22 to optimize risk
management systems and processes, improving profitability and
expanding opportunities to increase portfolio returns by leveraging
risk as alpha.
KRM22 PLC is listed on AIM and the Group is headquartered in
London, with offices in several of the world's major financial
centres.
See more about KRM22 at KRM22.com.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
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END
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