New customer contract

RNS Number : 5906O

KRM22 PLC

03 October 2019

 

3 October 2019

KRM22 plc
("KRM22", the "Group" or the "Company")

New customer contract

KRM22 plc (AIM: KRM.L), the technology and software investment company, with a particular focus on risk management in capital markets, announces the signing of a significant new customer contract for the Enterprise Risk Cockpit.

The customer will use the Enterprise Risk Cockpit to enhance its enterprise risk management framework and processes globally. The Enterprise Risk Cockpit will capture key linkages between business processes, risks, controls and events, allowing the customer to monitor and manage its enterprise risk profile.

This new customer contract is part of the previously announced near term pipeline of opportunities and brings ARR to £4.2m as at 3 October 2019, increasing to £4.3m in 2020.

Keith Todd CBE, Executive Chairman and Chief Executive Officer at KRM22 commented: "This new customer contract is an important milestone for us, as the first major win for the Enterprise Risk Cockpit since its launch in March this year.

This contract win shows further validation of the approach we are taking and businesses growing need to reduce the cost and complexity of risk management."

For further information please contact:

KRM22 plc                                                                               [e-mail]

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, CFO

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

Carl Holmes / Kate Bannatyne / Matthew Radley

Alice Lane / Sunila de Silva (ECM)

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 focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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