Rosslyn Data Technologies PLC Contract Wins (0592Z)
January 08 2020 - 2:00AM
UK Regulatory
TIDMRDT
RNS Number : 0592Z
Rosslyn Data Technologies PLC
08 January 2020
8 January 2020
Rosslyn Data Technologies plc
("RDT" the "Group")
Contract Wins
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, announces that it has won two large
contracts with a minimum combined contract value of GBP0.9 million
over their minimum term. The contracts are for delivery of
Knowledge Capture part of Rosslyn's Information Management suite of
products.
The first client win is a document search and management
contract with a UK-headquartered insurance company with a large
retail customer base. The client will be implementing Rosslyn's
technology to enable its clients to access their documentation more
easily through a self-service application. The client is expected
to utilise the system to enable more than 3 million customer
transactions per annum initially, increasing up to 14 million
transactions per annum in due course. The three-year contract has a
minimum value which will increase with the volume of
transactions.
The second client win is an expansion of an existing knowledge
capture contract with the UK subsidiary of a multinational data
solutions business. The client is managing documentation storage
for a UK government department relating to a data retention
requirement lasting over many decades.
These latest contract wins add to a growing list of
multi-national clients for both the Group's RAPid supply chain
analytics and information management solutions adding GBP200K to
the Company's ARR.
Rosslyn Chief Executive Officer, Roger Bullen said;
"These wins demonstrate again our ability to secure significant
contracts with large clients who have a variety of needs relating
to managing structured and unstructured data continues to be
effective. Our focus remains on growing recurring revenues capable
of delivering strong margins.
+44(0)77 7162
3345
Rosslyn Data Technologies Roger Bullen, Chief Executive +44(0)20 7138
plc Officer 3203
+44(0)79 3054
7441
Ash Mehta, Chief Financial +44(0)20 7138
Officer 3203
Cenkos Securities,
Nominated Adviser, +44(0)20 7397
Broker Giles Balleny/Max Gould 8900
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider
of a cloud-based big-data analytics platform. The company provides
analytical services by combining four key technologies: bulk data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers. Further
information can also be found on the Company's website at:
www.rosslyndatatech.com
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END
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