Irisium New Customer Contract

RNS Number : 3586U

KRM22 PLC

12 July 2018

 

12 July 2018

KRM22 plc

("KRM22" or the "Company")

Irisium New Customer Contract

- KRM22 announces a new customer contract signed by Irisium, KRM22's first investment in the risk management sector -

KRM22 plc, (AIM: KRM) the technology and software investment company, with a particular focus on risk management in capital markets, today announces the signing of a new customer contract for trade surveillance software by Irisium, KRM22's first investment (as announced on 5 June 2018).

The new contract is for Irisium's turnkey market surveillance system with a customer in the fast-growing crypto-currency sector. Irisium will provide customised, market-specific alerts, tailored reports, and integrated case management to make trade surveillance efficient and straightforward. In addition to traditional market abuse scenarios, Irisium monitors high frequency trading, abusive trading patterns and entity relationships. KRM22 acquired 60% of Irisium on 4 June 2018.

Keith Todd CBE, Executive Chairman and Chief Executive Officer of KRM22 plc commented:

"This new customer contract is validation of KRM22's model of growing the businesses we invest in and reflects the growing need for real-time risk management in all sectors of the capital markets.

The customer is truly innovative and will be using Irisium's trade surveillance software with the view of building a service is that trusted by their customers and by the regulators. I am delighted that just one month after our investment, Irisium is growing its customer base."

For further information please contact:

KRM22 plc                                                                                                                                       via FTI Consulting LLP

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                                  [phone]

Carl Holmes / Kate Bannatyne

FTI Consulting LLP                                                                                                                           [phone]

Matt Dixon / Emma Hall / Jamille Smith / Debbie Oluwaseyi Sonaike

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About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a particular focus on risk management in capital markets.

Through investments and partnerships in businesses with risk management software, KRM22 delivers a risk management platform as a Software as a Service offering: a true "Global Risk Platform". KRM22 provides capital market organisations with the way forward for better, lower-cost, risk control and regulation compliance to drive profitability.

See more about KRM22 at KRM22.com.

 

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