Contract Wins

RNS Number : 1063V

Rosslyn Data Technologies PLC

05 August 2015

 

5 August 2015

Rosslyn Data Technologies plc

("Rosslyn", the "Company" or the "Group")

Contract Wins

Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, is pleased to announce that it has recently won a milestone contract which, the Board believes, demonstrates the scalability and applicability of Rosslyn's platform.

The contract is with a large global enterprise in the Fortune 500.  This enterprise has chosen the RAPid Big Data cloud analytics platform to replace an incumbent analytics solution to support an increasing need to include analytics, as a value-add layer, to its existing services for the enterprise's largest clients across several industry verticals.  Over the next few months, Rosslyn will be working closely with this new partner to develop and deploy four instances of an application that will enable the analysis of operational data, providing insight into business critical Service Level Agreements between the partner and their clients. 

Upon completion of the first phase of the contract, it is anticipated that several further projects will be initiated and this will continue in line with the client's expanding business needs.  The initial four deployments are expected to be expanded to enable the partner and their clients to have greater access and vision into the breadth of their data which, Rosslyn believes, is currently underutilized. 

This contract represents a multi-year engagement with the first 4 deployments having a contract value of approximately £200,000. Once the Rosslyn platform is integrated into the enterprise, Rosslyn expects to integrate the remaining clients incrementally. 

Charles Clark, CEO said:

"This is an excellent step forward for the team and our technology.  Our partner's decision to switch from an existing platform, that is so vital to their operations and service delivery, is a credible achievement for Rosslyn and is a significant step towards demonstrating the scalability and broad applicability of our platform and the technologies that our team has developed.  It further evidences that cloud analytics is moving from the peripheral to the centre ground where we will increasingly compete for large projects which were once the protected domain of the traditional on-premise players. Rosslyn is well placed to play a significant part in this shift in technology adoption and establish RAPid platform as a mainstream enterprise analytics platform."

Elsewhere the firm continues to make good progress since the year end in April winning a good number of new clients whilst we are pleased to see the expansion revenue in existing clients increase in line with our plans. 

The most notable new client wins have been 2 in the FTSE 100 and 1 in FTSE 250.  These have a combined initial contract value of over £300,000 with good upside potential. 

Enquiries:

Rosslyn Data Technologies plc	Charles Clark, Chief Executive Officer Francis Reid, Chief Financial Officer	[phone]
Blytheweigh - Financial PR	Tim Blythe Wendy Haowei	[phone] [phone] [phone] [phone]
	Andrea Benton	[phone] [phone]
Cenkos Securities - Nominated Adviser, Broker	Stephen Keys Camilla Hume	[phone]

Notes to Editors

Rosslyn Data Technologies plc, (AIM: RDT), a leading provider of a Cloud-based enterprise data analytics platform, was founded in 2005 by Charles Clark and Hugh Cox. Business Intelligence was ranked first in the top ten technology priorities for Chief Information Officers in 2012 by Gartner. The Company provides analytical services by combining four key technologies: data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers, including Aberdeen Asset Management plc, Babcock Corporate Services plc, Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn Data Technologies plc is the ultimate holding company of the Group and owns 100 per cent. of Rosslyn Analytics Limited.

 

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