viewRosslyn Data Technologies PLC

Rosslyn Data bags US$650,000 contract

The client is an unnamed high profile global defence, aerospace and security company

Big data
Rosslyn's RAPid platform will enable the compilation of multiple source data

Big data software company, Rosslyn Data Technologies PLC (LON:RDT) has won a data analytics contract worth more than US$650,000.

The contract covers a three-year period with US$250,000 to be billed in the first year and US$200,000 a year in subsequent years. The contract includes an option to extend beyond the three-year term as well as the capability of having additional services provided during the contract life.

READ: Rosslyn Data wins €1mln three-year contract

Rosslyn aims to complete the implementation of this project in less than eight weeks, including the provision of a complete data analytics enrichment, aggregation and dashboard service. The company said this quick implementation “demonstrates the power of Rosslyn's award-winning analytics platform, which simplifies how organisations make sense of and attain value from data, using leading-edge machine learning techniques”.

"I am delighted that Rosslyn, through our partner programme, has won another high profile client in a competitive and demanding process,” said Roger Bullen, the chief executive officer of Rosslyn.

“Our focus on the complex data analytics market continues to deliver a number of opportunities and this extremely important win demonstrates the continued demand for our data services in this growing sector. Being selected by this leading company shows that our RAPid Analytics Platform is the technology of choice for companies serious about leveraging the value of their data in order to improve business performance.

“This win also underpins the progress we are making in increasing our average annual contract value, which is continuing to grow," Bullen noted.

Shares in Rosslyn were up 4.7% in early deals.

Quick facts: Rosslyn Data Technologies PLC

Price: 5.625 GBX

Market: AIM
Market Cap: £19.06 m

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