Rosslyn Data Technologies plc
("Rosslyn", "Company" or the "Group")
Contract Wins: Top 10 US Retailer1 and Global Top 15 Legal Firm2
Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that Rosslyn Analytics Ltd, has recently won two multi-year contracts. One contract win is with a Top 10 US Retailer¹ and the other is with a Top 15 Global Legal Firm². The combined value of these two contracts is worth over £300,000 over the terms of the contracts. The Board believes these contract wins position Rosslyn well to upsell its growing number of analytical services and capabilities.
The US Retailer contract was won on the back of the successful deployment of the RAPid Platform in one of the retailer's wholly owned subsidiaries in Europe. The extension of the platform into the retailer's parent company is a material step for Rosslyn: facilitating entry into a large and dynamic sector where the Board believes data is increasingly being seen as a vital asset. This contract win marks another significant client acquisition in the retail sector, following on from an earlier win with a leading European DIY chain. Further, the Board believes that this contract underpins the scalability of the RApid platform, in terms of not only usage but velocity, volumes and variety of data.
The addition of another Top Global Law firm² is an encouraging step forward in a sector Rosslyn already has a strong position in. The Client is initially implementing RAPid into the finance and accounting functions.
Charles Clark, CEO, said:
"These two recent wins underpin our momentum and progress in two important sectors for the firm whilst it provides the firm a flagship client in the US retail market. The sales funnel is healthy and our operational effectiveness of converting these opportunities continues to improve. With our research and development teams focus on developing data technologies, our products continue to enable clients to quicken their data preparation and analytic activities, translating this into cheaper and less complicated analytics, which in turn makes the many marginal projects worthwhile - supporting our land and expand strategy, and mainstream applications more profitable."
Enquiries:
Rosslyn Data Technologies plc |
Charles Clark, Chief Executive Officer Roger Bullen, Chief Financial Officer |
+44 (0) 20 7138 3204 |
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Blytheweigh - Financial PR/IR |
Tim Blythe |
+44 (0) 20 7138 3205 |
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Wendy Haowei |
+44 (0) 20 3814 8312 |
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Cenkos Securities - NOMAD Nominated Advisor, Broker |
Stephen Keys Camilla Hume |
+44(0)20 7397 8926 |
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT), a leading provider of a Cloud-based enterprise data analytics platform, 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.
Further information can also be found on the Company's website at: www.rosslynanalytics.com
