Rosslyn Data Technologies PLC (AIM:RDT), the provider of a leading cloud-based enterprise data analytics platform, has signed two multi-year contracts with new blue-chip customers, worth approximately £1mln in aggregate value over five years.
The new clients are a multinational aerospace engineering company headquartered in the US, and a global automotive car rental company.
Both deals were secured through existing partners of the AIM-listed company,
Chief executive officer Paul Watts said: "We're pleased to have won these new contracts, which expand our blue-chip customer base and which were all secured through our partner network.
“During the first six months of our 2023 financial year, we have signed a total of five deals, which represents a strong increase in momentum.
“With a good pipeline for the rest of the year, and combined with our recent divestments of Langdon Systems and Integritie that will significantly reduce our cash burn, we look to the future with confidence."
RDT shares were up nearly 6% on Monday morning.