Maestrano goes live with technology distributor

RNS Number : 8177H

Maestrano Group PLC

20 November 2018

 

20 November 2018

Maestrano Group PLC ("Maestrano" or the "Company")

Maestrano goes live with multinational technology distributor 

Maestrano Group PLC (AIM: MNO), the open cloud business integration platform with cross-app data synchronization, announces it has now successfully gone live with a multinational, US headquartered, value-add technology distributor.

The Maestrano platform provides a branded white label marketplace platform, enabling products and services to be presented in online storefronts controlled and operated by the distributor's resellers across Asia Pacific and Europe. Achieving this required a deep integration with the back-office ERP platform, a significant technical challenge and achievement.

The resellers will use the platform for product marketing, ordering and fulfilment, covering a wide range of products, applications and services.  A progressive roll out of this service by region is now underway.

Stephane Ibos, CEO of Maestrano, commented:

"In line with plans outlined at the time of our IPO earlier this year, and following a period of ongoing development, we are delighted this collaboration with a major multinational technology distributor is now live. As this contract scales up we expect it to lead to additional business opportunities that will further expand our partnership."

Enquiries:

Maestrano Group plc Ian Buddery, Chairman Stephane Ibos, CEO Andrew Pearson, Deputy CEO	c/o IFC
Grant Thornton (Nominated Adviser) Colin Aaronson / Jamie Barklem	[phone]
Arden Partners (Broker) Ruari McGirr / Ciaran Walsh / Alex Penney	[phone]
IFC Advisory Limited (Financial PR & IR) Graham Herring / Miles Nolan / Zach Cohen [e-mail]     [e-mail]	[phone]

About Maestrano

Maestrano develops and deploys a patented cloud-based Platform as a Service that serves the needs of Small to Medium Businesses (SMBs) and large Enterprises (such as major banks and global accounting firms) to access real time, automated management data efficiently on an integrated platform.  This technology is called Master Data Management (MDM).

Further information on the Group is available at www.maestrano.com

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

 

END

 

 

MSCBLBDBRXBBGIC