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Rosslyn Data Tech. - Contract Renewals

RNS Number : 9933Q
Rosslyn Data Technologies PLC
25 June 2020
 

25 June 2020

Rosslyn Data Technologies plc

("Rosslyn" the "Group")

Significant contract renewals underpin Annual Recurring Revenue


Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has recently renewed a number of client contracts with extended durations which will help underpin management's current expectations for the Group's Annual Recurring Revenue ("ARR") in future periods.  As previously announced, the Company will enter the 2021 financial year with anticipated ARR in excess of £6.0 million.

The three contracts have a combined ARR of £0.9 million and a total contract value of approx. £1.5 million and will expire between September 2021 and June 2023. The end clients are an international telecoms business, a world-renowned American university, and a UK government department.

These long-term commitments reflect increasing client confidence in Rosslyn and the durability of Rosslyn products and services.

Rosslyn Chief Executive Officer, Roger Bullen said;

"We're pleased that these blue-chip clients are prepared to commit to Rosslyn for longer periods. This says a great deal about client confidence in Rosslyn, our products, support and staff, also to our ongoing commitment to maintain and improve our products."

 

 

Rosslyn Data Technologies plc

Roger Bullen, Chief Executive Officer

+44(0)77 7162 3345
+44 (0)203 285 8008

 

Ash Mehta, Chief Financial Officer

+44(0)79 3054 7441
+44 (0)20 3051 7798

Cenkos Securities,
Nominated Adviser, Broker

Stephen Keys/Giles Balleny

 

+44(0)20 7397 8924

 

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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Quick facts: Rosslyn Data Technologies PLC

Price: 5.506

Market: AIM
Market Cap: £18.66 m
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