1Spatial Awarded Significant Contracts

RNS Number : 4397N

1Spatial Plc

18 January 2019

 

18 January 2019

1Spatial plc (AIM: SPA)

("1Spatial", the "Company" or the "Group")

1Spatial Awarded Significant Contracts

1Spatial, the global geospatial software and solutions company is pleased to announce that following a competitive tender it has been awarded a four year contract worth €1m (£900k) to provide its software and services to Ireland's Property Registration Authority (PRA).  In addition to this, it has also been awarded a three year framework contract as a key development partner to support Ordnance Survey (OS) on their ambitious programme to deliver the next generation of Geo-Production system

4 year contract with PRA

PRA's dramatic transformation of Ireland's land records has been driven by the partnership with 1Spatial to develop and deliver a digital mapping system for PRA.  This is an efficient title plan maintenance environment underpinned by 1Spatial's technology to ensure data is valid, clean and fit for purpose.  By ensuring the whole organisation has access to changes real time, PRA can process case work more efficiently, which has transformed the productivity of critical areas within the business.

1Spatial has previously worked with the PRA to build their mapping system and this continuation of the relationship will enable the solution to adapt as the PRA business evolves.  Through this new four-year contract, 1Spatial will be supporting the PRA by providing services of up to €250k and recurring software revenues over a 4-year period of €750k. 

3 year framework contract with Ordnance Survey

1Spatial has worked with Ordnance Survey for many years, supporting their need to be able to efficiently deliver accurate, up-to-date geographic data to customers using a continually product-ready database (Geo-Production system).

This new 3-year framework agreement continues 1Spatial's long standing relationship with OS as a key development partner to support their ambitious programme to deliver the next generation of Geo-Production system. The Company is in discussions with OS with regards to potential workflow and the first purchase order under this framework agreement is expected shortly.

Through the delivery of best-in-class technology solutions 1Spatial will provide OS with increased flexibility in how data is captured and products are created.  This will be achieved by providing a new data capture and management environment through the use of 1Spatial technology alongside Microsoft Azure, ESRI, and Oracle technology.

Claire Milverton, CEO 1Spatial Commented:

"I am delighted to deepen our relationship with two important customers; a testament to our approach of placing our teams at the heart of our clients infrastructure to support their ambitions as well as optimise the value they receive from their existing technology platforms and our own high quality software and solutions.

These wins add recurring revenues to the 1Spatial business, demonstrating continued progress of our land and expand strategy and build upon a growing pipeline for the Group; particularly highlighting the Company's growing focus on and success in the government sector."

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For further information, please contact:

1Spatial plc                                                                                         01223 420 414

Andrew Roberts / Claire Milverton   

FTI Consulting LLP                                                                            020 3727 1000

Dwight Burden / Alex Le May 

N+1 Singer                                                                                          020 7496 3000 

Shaun Dobson / Lauren Kettle (Corporate Finance)

Tom Salvesen (Corporate Broking)

LEI Code: 213800VG7OZYQES6PN67

About 1Spatial 

1Spatial is a software solutions provider and global leader in managing geospatial data. We work with our clients to deliver real value by making data current, complete and consistent through the use of automated processes - ensuring that decisions are always based on the highest quality information available.

Our unique, rules-based approach delivers enterprise-scale, cross-platform, automation to all stages of the data lifecycle. It builds confidence in the data while reducing the time and cost of stewardship.  Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus. 

A leader in our field, we have a wealth of experience and a record of continual innovation and development. We partner with some of the leading technology vendors including, Esri and Oracle.

For more information visit www.1spatial.com  

About PRA  

PRA is responsible for the Ireland's Registry of Deeds and its Land Registration System. 

Today, the PRA processes over 5.2 million online transactions each year and has reported a 40%, year-on-year, increase in demand for its spatial and related data.  Importantly, the PRA now holds one of the largest property databases in Ireland, offering a fully electronic national register of property ownership and related information.

For more information visit: prai.ie

About Ordnance Survey

Ordnance Survey is the national mapping agency of the United Kingdom which covers the island of Great Britain. 

For more information visit: www.ordnancesurvey.co.uk

 

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