New Customer Contract

RNS Number : 2293W

KRM22 PLC

17 August 2020

 

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 major customer contract for a suite of the Company's risk management products.

The Company is pleased to announce it has completed the signing of the UK Brokerage firm referenced in the Company's trading update of 21 July 2020.  The four-year contract, worth £1.2m over the life of the contract, covers a wide range of the Group's products delivered via the Global Risk Platform including the Company's 'At Trade' and 'Post Trade' Market Risk modules, in addition to the Market Surveillance module. 

The contract win increases the Group's ARR by £0.3m and the Group's undisputed ARR is currently at £4.3m. 

Keith Todd CBE, Executive Chairman and CEO commented: 'This is an important contract for us and the customer.  It demonstrates the value of the Global Risk Platform integration of our offerings to help reduce cost and complexity for customers.  The broker is able to have access to leading edge tools from one portal helping to cost effectively manage the growth in its business.' 

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 optimise 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 .

 

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