Contract wins and update on Foundry4

4 February 2021

The Panoply Holdings PLC

("The Panoply", or the "Group")

Contract wins and update on Foundry4

The Panoply Holdings PLC (AIM: TPX), the technology-enabled services group focused on digital transformation, announces it has recently won two separate contracts in partnership with Mastek, a global IT player, worth more than £7m over the life of the contracts (the "Contracts").

Contract wins

The Contracts, which run for two years and have been awarded by the NHS Business Services Authority, comprise a £6m framework agreement to provide capabilities to support the organisation's digital transformation agenda and a £1.2m contract to be its overseas digital health delivery partner.

Update on Foundry4

The Group is pleased to announce that Difrent will be integrated into Foundry4 with effect from 1 April 2021 at which time Rachel Murphy, current CEO of Difrent, will become CEO of Foundry4. Rachel brings a wealth of delivery experience from across the public sector and the healthcare market, providing the foundations for further expansion into this target market for the Group.

James Herbert, the current CEO of Foundry4, will take on the role of Strategic Partnerships Director, responsible for the Group's relationships with Microsoft, Amazon (AWS) and Google (GCP). Foundry4's relationships with these key technology platforms are critical to its success. Foundry4 recently attained a Microsoft Gold Cloud Platform competency, demonstrating a "best-in-class" ability and commitment to meet Microsoft Corp. customers' evolving needs in today's mobile-first, cloud-first world as well as distinguishing itself within Microsoft's partner ecosystem. Becoming a Microsoft Gold Partner will allow Foundry4 to combine strengths with Microsoft, speeding up deployment and improvement of Microsoft Azure environments.

Neal Gandhi, CEO of The Panoply, said:

"These contract wins represent a step-change in our reach into healthcare, a key growth sector for the Group. We look forward to working with Mastek to support the NHS BSA with its ongoing digital transformation agenda.  

We are also delighted that Difrent, the company whose approach has so impressed to secure these wins, will be joining our Foundry4 brand and that Rachel Murphy will be leading it forward as CEO. With her extensive experience driving digital change, Foundry4 is well placed to strengthen its reputation as a leading provider in digital transformation across the public and private sectors."

Rachel Murphy, CEO designate of Foundry4 said:

"Even from Difrent's relatively short time as part of the Group, the substantial opportunities available through collaboration and combination among the different businesses is clear.

In my role as CEO of Foundry4, I am excited to leverage the varied skills and technical expertise we have in our possession to expand the Group's reach across the markets in which we operate".

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About The Panoply

About Foundry4

Foundry4 helps organisations in highly regulated sectors harness technology to solve complex challenges. Its deep technical expertise covers all areas of the digital spectrum, from intelligent automation and user centred design, to high quality product engineering teams and agile coaching.

Partnering with enterprise organisations, Foundry4 draw on extensive technology and sector knowledge to help them harness the true value of cloud and data.