New Contract Wins

RNS Number : 6735X

D4T4 Solutions PLC

14 August 2018

 

D4t4 Solutions Plc

(the "Company", "Group" or "D4t4")

New Contract Wins

·     Recent global successes in key vertical sectors

·     Core business areas of Data Management and Data Collection benefitting from strong sales pipeline

D4t4 Solutions Plc (AIM: D4T4), the AIM-listed data solutions provider, is pleased to report a number of new contract wins in key vertical sectors for its Data Management and Data Collection business areas during the first months of the current year, as set out below.

Data Management:

·     A major data migration contract with a global US headquartered financial institution as part of our Private Cloud Data Analytics solution.

·     A new contract delivering analytical implementation services for one of our global partners

Data Collection:

·     A new multi-year contract for our Celebrus data collection software with a global US headquartered financial institution.

·     An extension of a global contract in the financial services sector with the addition of two new geographies using our Celebrus data collection software.

·     A capacity extension contract for our Celebrus data collection software with a major online retailer in Taiwan.

In addition, the Company announced in its final results statement released on 26 June 2018 that the debtor balance owing was £19.5 million as at 31 March 2018, due to the business weighting occurring late in the second half. The Company confirms that it has received payment of the £19.5 million and therefore now has a strong cash balance.

The Company is pleased to provide this update to the market and looks forward to providing further updates on new contract wins as the year progresses.

Peter Kear, D4t4's CEO commented: "As communicated at the time of our final results in June 2018, we entered this financial year in robust shape after achieving record bookings in the second half of the year. In the year to date, and in line with management's expectations, we have been successful in converting a number of significant opportunities from our strong pipeline. This puts us on track to return to more normalised levels of business weighting for the first half of this financial year, against the comparable period last year."

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.

Enquiries

D4t4 Solutions Plc

Peter Kear, Chief Executive Officer

Carmel Warren, Chief Financial Officer

Tel: [phone]

E-mail: [e-mail]

finnCap (Nominated Adviser & Broker)

Adrian Hargrave/Emily Watts, Corporate Finance

Tel: [phone]

TooleyStreet Communications (IR & Media Relations)

Fiona Tooley

Tel: [phone]

E-mail: [e-mail]

About D4t4 Solutions Plc

D4t4 Solutions Plc (www.d4t4solutions.com) is ALL ABOUT THE DATA.  We are energetically focused on solutions that enable clients to get the most from their data - from data capture through to management and analytics, D4t4 provides comprehensive products and services that drive value from our clients' information assets.  We operate in Europe, North America and Asia, working with clients in the banking, insurance, retail, travel and transport, telco and automotive sectors.

D4t4 is accredited to ISO27001: Information Security Management Standard and PCI Data Security Standard.  D4t4 was established in 1985 and is listed on the AIM market of the London Stock Exchange (stock code: D4T4).

 

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