leadf
logo-loader
viewRosslyn Data Technologies PLC

Rosslyn Data Tech. - Launch of CustomsCloudTM product

RNS Number : 2431J
Rosslyn Data Technologies PLC
21 December 2020
 

21 December 2020

Rosslyn Data Technologies plc

("RDT" the "Group")

Launch of CustomsCloudTM product

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, is delighted to announce the release of its Customs CloudTM software solution.

The cloud-based self-service solution is designed to enable importers to overcome the additional customs procedures resulting from the UK's departure from the European Union. CustomsCloudTM enables Rosslyn clients to register with HMRC and to file all import declarations, either individually or in bulk, calculate the VAT and duty owed on any imports and to report this information direct to HMRC for future payments. CustomsCloudTM automates the process, saving time for clients and also provides certainty by reducing the risk of unknown future charges being payable on the client's imports. This launch is in line with management's expectations and is further evidence of the added value that Rosslyn is offering its clients.

Following the end of the Brexit transition period, it is estimated that over 200,000 UK businesses that import from the EU will need to start completing customs declarations for the first time. Many businesses are applying for government grants, which provide funding for investment into IT projects for customs declarations, such as CustomsCloudTM. 1

 

Rosslyn Chief Executive Officer, Roger Bullen said;

"Following our acquisition of Langdon Systems last year, this is the first of the Langdon solutions which is 100% cloud-based. With the impact of Brexit being felt by every business, large or small, trading with the EU, our solution enables our clients to manage the situation cleanly, efficiently and inexpensively."

 

1 https://www.gov.uk/guidance/grants-for-businesses-that-complete-customs-declarations 

 

 

Rosslyn Data Technologies plc

Roger Bullen, Chief Executive Officer

+44(0)77 7162 3345
+44(0)20 3285 8008


Ash Mehta, Chief Financial Officer

+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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
PRLUWUKRRKUUAAA

Quick facts: Rosslyn Data Technologies PLC

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Market report: FTSE calms as optimism vaccine news is challenged by rise in...

FTSE 100 had a lukewarm start on Wednesday as positive vaccine news can’t change the current rise in infections and global lockdowns. London’s leading index advanced 11 points to 6,308 in early dealing. JD Wetherspoon PLC (LON:JDW) has posted a 28% slump in sales over the past four months...

on 11/11/20

3 min read