Rosslyn Data Technologies higher as it launches CustomsCloud software
The company said the cloud-based self-service solution is designed to enable importers to overcome the additional customs procedures resulting from the UK's departure from the EU
Company
LON:RDT
Rosslyn Data Technologies PLC is a leading provider of a cloud-based big-data analytics platform. The company provides analytical services by combining four key technologies: bulk data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers.
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The company said the cloud-based self-service solution is designed to enable importers to overcome the additional customs procedures resulting from the UK's departure from the EU
"We are entering an exciting phase of investment for the group with a strong, growing product set "
Chief executive officer, Roger Bullen said: "This win illustrates the opportunities that have arisen for Langdon Systems as a result of Brexit and our ability, one year after the acquisition of Langdon, to scale up the Langdon business by m
"We are entering an exciting phase of investment for the group," said chief executive Roger Bullen
Reporting to CEO Roger Bullen, Paul Watts will lead “customer success”, sales and marketing
“Helping our clients build resilience and reduce risk in their supply chains will have a lasting effect far beyond lockdown," said CEO Bullen.
Rosslyn has seen a very sharp increase in levels of engagement with its RAPid platform, with clients scrutinising their activity and searching for further opportunities within their supply chains
The renewing clients are an international telecoms business, a world-renowned American university and a UK government department
The company provides data management and analytics services through RAPid, a platform that automatically extracts, aggregates, improves and organises data and documents
Roger Bullen, chief executive, said that the level of demand for the shares reflected confidence in Rosslyn's strategy and future growth
Rosslyn's customer retention rate remains high at greater than 90% and with most clients, it is expanding its sales opportunities and revenues.
The latest contract wins add to a growing list of multi-national clients for both the group's RAPid supply chain analytics and information management solutions
A new contract with a rail rolling stock maker and worth £410,000 over a three-year has started to contribute
“We'd like to thank Charlie for his contribution to Rosslyn over the years from founding it back in 2005 and wish him well in his future endeavours”
Langdon handles bulk supply chain data for around 60 blue-chip clients
Rosslyn is seeing developments in the market that enable it to expand its offerings to include services covering compliance, logistics, complaints, workflow management, risk, corporate social responsibility and workforce management
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The first customer, a sustainable technologies business, is to implement Rosslyn’s RAPid platform, while the second, a global insurer, will also implement RAPid, as well as Savings Tracker