Rosslyn Data Technologies plc
("Rosslyn" or "the Company")
Rosslyn Data Technologies signs major partnership in the US higher education sector
Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that its US subsidiary, Rosslyn Analytics Inc. has signed an agreement with E&I Cooperative Services, Inc. (E&I) to provide cloud-based spend analytics services to its 3,000 members in the United States via its E&I Consulting Group division.
E&I is the leading provider of supply chain advisory services to the US's higher education sector which includes colleges, universities, K-12 schools and districts, hospitals, research institutions and other education-focused organizations.
The Directors believe that the contract is a ground breaking win for Rosslyn in the United States where the team recently announced a five-year, $1 million contract from the State University System of Florida to provide cloud analytics to its 12 member organizations.
This contract, which is a multi year enterprise contract is revenue generating from the outset, with significant upside as the platform is adopted across this large user base, underpins Rosslyn's objective of becoming the leading provider of data analytics to the high growth US higher education sector. Research and Markets estimates that the higher education market for software solutions will grow from $43.06 billion in 2013 to $65.83 billion in 2019.
The RAPid Cloud Data Platform was chosen for its scalability, speed and cost effectiveness. These end-user benefits are possible because RAPid is cloud-based as opposed to a traditional on premise delivery model. Furthermore, the combination of its collaborative and machine learning capability provides the ability for business users to obtain quickly the necessary information on-demand regardless of source, drastically improving decision-making from weeks to seconds.
In selecting Rosslyn Analytics, Gary D. Link, Senior Vice President, Contracts and Consulting, E&I, said:
"Rosslyn Analytics will provide E&I the functionality and flexibility we need to gain visibility that will help us drive our strategic sourcing efforts and create more value for the thousands of member institutions we serve. Through the use of Rosslyn's cutting edge data technologies, E&I Consulting Group will be able to help our members better understand how they spend and what efficiency options are available to them."
Charles Clark, CEO, said:
"There is an analytics need in the US higher education market that we are addressing directly and through partners. Today's win is a demonstration of our position as a provider of a leading cloud analytics platform that helps clients quickly create value by empowering users with the self-service tools they need to exploit the untapped value of data in their organisations."
Enquiries:
Rosslyn Data Technologies plc |
Charles Clark, Chief Executive Officer Francis Reid, Chief Financial Officer |
+44(0)20 7138 3204 |
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Blytheweigh - Financial PR |
Tim Blythe |
+44(0)20 7138 3205 +44(0) 7816 924 626 |
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Alex Shilov |
+44(0)20 7138 3553 +44(0) 7989 394 027 |
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Cenkos Securities - Nominated Adviser, Broker |
Stephen Keys Mark Connelly |
+44(0)20 7397 8926 |
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT), a leading global data technology company was founded in 2005 by Charles Clark and Hugh Cox. Business Intelligence was ranked first in the top ten technology priorities for Chief Information Officers in 2012 by Gartner. The Company provides analytical services by combining four key technologies: 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, including Aberdeen Asset Management plc, Babcock Corporate Services plc, Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn Data Technologies plc is the ultimate holding company of the Group and owns 100 per cent of Rosslyn Analytics Limited. Rosslyn Analytics Inc. is a 100% owned subsidiary of Rosslyn Analytics Limited.
Further information can also be found on the Company's website at: www.rosslynanalytics.com
