KRM22 plc
("KRM22", the "Group" or the
"Company")
New Customer
Contract
ARR for KRM22 plc up to
£7.0m
KRM22 plc, (AIM: KRM) the technology
and software investment company that focuses on risk management for
capital markets, is pleased to announce the signing of a new
customer contract for the Risk Manager application.
The £1.1m Risk Manager contract,
which is deliverable over three years, is with a major Futures
Commission Merchant ("FCM"), the first to adopt Risk Manager having
already successfully deployed the Limits Manager application;
further highlighting the value of KRM22's integrated applications.
Since the launch of the Risk Manager application in early 2024,
KRM22 now has Risk Manager contracts in place with three new FCMs
totalling £0.8m in Annual Recurring Revenue ("ARR"). Efforts
continue to transition all clients from legacy At-Trade and
Post-Trade applications to Risk Manager.
Following the announcement of this
contract, and as at the date of this announcement, the Group's ARR
has seen a net increase, after accounting for the aforementioned
new contract, by £0.4m to £7.0m since the end of 2024. This
underpins revenue forecasts for the year and is in line with
existing market forecasts to reach £7.9m ARR by the end of
2025.
Dan
Carter, CEO commented: "This
contract win is validation of the enhanced risk offering KRM22
provides with the integration between our Limits and Risk Manager
applications. In addition, the growth in ARR to £7.0m is
another milestone on our journey to create a cash generative and
profitable business."
For
further information please contact:
|
KRM22
plc
Garry Jones, Chairman
Dan Carter, CEO
Kim Suter, CFO
|
InvestorRelations@krm22.com
|
|
Cavendish Capital Markets Limited (Nominated Adviser and Sole
Broker)
Carl Holmes / Isaac Hooper / Rory
Sale (Corporate Finance)
Sunila de Silva (ECM)
|
+44 (0)20 7220
0500
|
The information contained within this announcement was deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 as amended. With the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
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' trading and
corporate risk challenges and to manage their entire enterprise
risk profile.
Capital markets companies' partner
with KRM22 to optimise 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