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Newmark Security’s GT Clocks lands two contract wins in US

“The US has been a significant part of our growth story in recent years and we expect that trend to continue," said chief executive Marie-Claire Dwek

Newmark Security PLC - Newmark Security’s GT Clocks lands two contract wins in US

Newmark Security PLC (LON:NWT) has announced two new customer wins for its Human Capital Management (HCM) division in the United States, branded GT Clocks.

The US business has landed a deal for its GT-4 timeclock product with one new client, a healthcare management firm which provides human resources and payroll solutions that works with more than 30,000 businesses. It is a three-year contract and has a minimum value of US$1mln over that period.

READ: Newmark Security sees uptick in demand for protection screens

The other contract win is with an existing customer to provide the company's flagship device, the GT-10, to one of the largest retailers in the US. Newmark estimates it could potentially worth US$3.8mln over the next 2-3 years.

"The new GT-4 is faster, is more performant and critically for many operating in the mid-tier part of the HCM market, is a lower cost device than its predecessor,” Andy Rainforth, GT Clocks president said in a statement.

“We genuinely believe it represents the best value hardware in this market sector," he added. 

Marie-Claire Dwek, Newmark chief executive, meanwhile, said: “We are delighted to see our investment into creating our next-generation timeclocks being repaid with these customer wins. The US has been a significant part of our growth story in recent years and we expect that trend to continue."

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