Contract Extension

RNS Number : 7613F

RedstoneConnect PLC

01 August 2016

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014

1 August 2016

RedstoneConnect Plc

("RedstoneConnect")

£12 million contract extension with leading financial institution

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, announces that its smart infrastructure business, Redstone, has been awarded a five-year managed services contract valued at £12 million.

The competitive tender for one of the world's largest financial institutions will see Redstone supporting critical data centre IT services infrastructure for nearly 20,000 UK based staff. Redstone has supported multiple data centre locations throughout the UK for this customer since 2007.

 Mark Braund, CEO of RedstoneConnect Plc, commented on the news: 

"We are delighted to be able to announce such a significant contract renewal for Redstone in what remains a highly competitive corporate environment. That this key customer has committed to a further multi-year contract, clearly demonstrates the client's confidence in Redstone and is testament to the service we deliver day in, day out as their trusted partner."

Enquiries

RedstoneConnect Plc Mark Braund (CEO) Spencer Dredge (CFO)	[phone]
Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker) Karri Vuori / Adam James / James Greenwood	[phone]
Whitman Howard Limited (Joint Broker) Nick Lovering	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Ben Simons / Antonia Pollock [e-mail]	[phone]

About RedstoneConnect Plc

RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. 

About Redstone

Redstone, the smart building infrastructure business of RedstoneConnect, is a leading provider of converged information and operational technology, delivering critical systems to support smart buildings. With a 30-year heritage, Redstone has unrivalled experience in delivering IT infrastructure and support services from design phase through to implementation, operational and ongoing management.

 

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