Rosslyn Data Technologies PLC (AIM:RDT) has bagged two new contracts worth £422,000 in aggregate and equating to an additional £120,00 in annual recurring revenue.
The first, awarded under a competitive tender, is from a blue-chip European med-tech company which sells its products via its 9,000+ shops and outlets in over 20 countries, while the second is for a transport industry consultant working for a UK train operating company.
Both contracts are for Rosslyn’s procurement and spend analytics platform and were part of its pipeline at the end of the 2023 financial year.
Paul Watts, Rosslyn’s chief executive, said he was pleased to have converted some of the year-end pipeline while broadening the customer base.
“To have secured another multi-billion-euro customer under a highly competitive pitch is a great endorsement.
“It also reflects the trend of companies increasingly adopting technology like ours to reduce risk and enhance efficiency in the supply chain.”