New contract with Sainsbury's

RNS Number : 5822N

Eagle Eye Solutions Group PLC

10 May 2018

 

10 May 2018

Eagle Eye Solutions Group PLC

("Eagle Eye" or the "Company")

 Launch of digital wallet functionality with Sainsbury's

Eagle Eye, a leading SaaS technology company, that allows businesses to create a real-time connection with their customers, is delighted to announce that the Company has signed a new contract with Sainsbury's Supermarkets Ltd ("Sainsbury's") until August 2021, for the deployment of its digital wallet functionality, enabling personalised rewards for the new Nectar trial.

The new Nectar trial went live on the 12^th April in the Isle of Wight, ahead of a potential national rollout if successful. Customers are able to choose personalised offers they wish to earn Nectar on using either the new Nectar app or website.  The offers programme runs on the Eagle Eye AIR platform using its digital wallet capability.

Eagle Eye have been working on a proof of concept with Sainsbury's since late 2016. Eagle Eye expects revenue from the contract to move from professional services fees to transactional fees as customers use their personalised offers. This contract is in addition to the five-year contract signed in June 2015 for omni-channel coupons with Sainsbury's.

For further information, please contact:

Tim Mason, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer	Tel: [phone]
Investec (Nominated Advisor and Broker)
Corporate Finance: David Anderson / Sebastian Lawrence Corporate Broking: Sara Hale	Tel: [phone]
Hudson Sandler
Andrew Leach / Hattie O'Reilly	Tel: [phone]
Information on Eagle Eye www.eagleeye.com

Eagle Eye is a leading SaaS technology company that enables businesses to create a real-time connection with their customers.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure issuance and redemption of digital offers and rewards at scale, across multiple channels, enabling a single customer view. Our platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties, allowing them to reduce cost, improve their customer offer and accelerate their innovation.

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including John Lewis, Asda, J Sainsbury, Greggs, JD Sports, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Loblaw in Canada. 

 

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