Rosslyn wins £500k contract

RNS Number : 0806B

Rosslyn Data Technologies PLC

29 September 2022

 

29 September 2022

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

Rosslyn wins £500k contract

 New contract awarded by major multinational medtech corporation

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, is pleased to announce that it has secured a three-year contract worth £500k from a multinational medtech corporation, which is a new customer for the Company. The customer also has an option to extend the contract for a further two years.  

The customer, which is headquartered in Switzerland and serves customers in over 100 countries, has selected the Rosslyn procurement analytics platform as the foundation for embedding its digital transformation programme across its supply chain management. The adoption of the Rosslyn platform represents the modernisation of the customer's legacy technology, which is expected to enable them to generate savings of approximately 10% in the first two years as a result of the depth of procurement data insight now available to their sourcing team.

This contract is also the first to be awarded via a new partner of the Company. As such, it is a further validation of the Company's strategy to focus on a partner-led approach.  

Paul Watts, CEO of Rosslyn, said:

"I am delighted that we have secured a new, multi-year contract with a major medtech multinational corporation and that our Rosslyn platform has been selected to form the backbone of the digital transformation of their procurement operations. This deal exemplifies the wider state of transition in the marketplace as organisations increasingly demand a full field of vision on their spend, which can only be gained by maximising data through the application of ever-more sophisticated technology. We believe the new Rosslyn platform has best-in-class procurement analytics capabilities and, as a result, we are well-placed to benefit from this growing trend. This contract is also further validation of our partner-led strategy and we hope to expand our relationship and secure more deals through this new partner."

Enquiries

Rosslyn Data Technologies plc
Paul Watts, Chief Executive Officer James Appleby, Chairman	[phone] [phone] [phone]
Cenkos Securities (Nominated adviser and Broker)
Stephen Keys/Camilla Hume	[phone]
Gracechurch Group (Financial PR)
Harry Chathli/Claire Norbury	[phone]

About Rosslyn Data Technologies plc

Rosslyn (AIM: RDT) provides an award-winning spend analytics and predictive analytics platform. The Rosslyn Platform helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering rapid ROI.  

 

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