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blur lands two-year contract with FTSE 250 retailer

Published: 10:17 03 May 2016 BST

blur
"This new contract underpins current market expectations," said CEO, Philip Letts

blur Group PLC (LON:BLUR), the world's first enterprise services platform & marketplace, has extended its relationship with an existing FTSE 250 multi-channel retail client.

A new two-year contract has been signed with the unnamed retail group, which will use blur's platform to procure system and infrastructure monitoring and data integration services.

By working with blur the customer is able to gain access to a global marketplace of vetted service providers with relevant technical expertise, which is otherwise unavailable in-house, blur said.

“This is a strong vindication of our transition to our Enterprise strategy, which we worked hard to complete in 2015. This contract win also demonstrates that business leaders and large corporates are increasingly acknowledging the need to prioritise their unmanaged, indirect business services spend and recognise that blur's platform offers an efficient and agile solution to drive new efficiencies within indirect spend,” said Philip Letts, blur's chief executive officer.

"This new contract underpins current market expectations and we will continue to focus on our Enterprise strategy and on acquiring loyal accounts with repeat business. We remain convinced that this is key to our future success," blur said.

Shares in blur were up 0.7% at 11.2p in a falling market in mid-morning trade.

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