viewRosslyn Data Technologies PLC

Rosslyn bags three contracts worth £3.1mln

"I am thrilled that Rosslyn has won these high profile clients in competitive and demanding processes," said Rosslyn CEO, Roger Bullen

Big Data
The RAPid platform enables clients to effectively bring together data from multiple disparate sources

Rosslyn Data Technologies PLC (LON:RDT) has won three contracts worth more than £3.1mln in aggregate over a three-year period.

In its most recent full-year results, the company’s revenue clocked in at £3.9mln, so the orders are significant ones for the provider of cloud-based enterprise data analytics.

Rosslyn said one of the three contracts is with a large enterprise that it has previously indicated it was close to winning.

The largest of the contracts is with a world-leading enterprise data management company that will “white label” Rosslyn’s product and resell Rosslyn's RAPid cloud based analytics service to a world-wide client base via a sales force in excess of 200 people.

The Rosslyn board believes the contract validates the group's partnership strategy, demonstrating the ability to make money from these partner relationships as they recognise the scalability and utility of the RAPid platform.

The other two contracts are with a blue-chip leisure and hospitality company and one of the largest privately owned fast-moving consumer goods groups in Central Eastern Europe Middle East & Africa.

Both clients will be using the group's RAPid Spend Analytics suite of applications to identify and mitigate an increasing number of strategic risks that they face as a result of their global operations and market reach.

Rosslyn said its sales pipeline remains healthy and the directors continue to be in contract negotiations with a number of the large enterprises previously referred to and continue to expect these opportunities to be converted into contract wins.

READ: Rosslyn Data adds Integritie to its data mining portfolio

Meanwhile, integration of the recently announced acquisition of Integritie is progressing well and the cost savings previously identified are being implemented.

The acquisition has added further to Rosslyn's product suite and the board declared itself pleased with the pipeline of sales and cross-selling opportunities that are being generated.

“Our focus on developing innovative spend analytics solutions continues to deliver a number of business opportunities for us. These wins demonstrate the demand for our services in the market. Being selected by the country's largest brands and a leading enterprise data management company shows that our RAPid Cloud Platform is the technology of choice for companies serious about leveraging the value of their data in order to improve business performance,” said Roger Bullen, chief executive officer of Rosslyn.

Quick facts: Rosslyn Data Technologies PLC

Price: 5.625 GBX

Market: AIM
Market Cap: £19.06 m

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