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Made Tech Group PLC (MTEC)

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Wednesday 13 October, 2021

Made Tech Group PLC

New Contract Win

RNS Number : 8635O
Made Tech Group PLC
13 October 2021
 

 

 

13th October 2021

 

MADE TECH GROUP PLC

("Made Tech" or "the Group")

 

Award of Largest Ever Contract

 

Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is pleased to announce that it has been awarded its largest contract to date, worth approximately £7 million over the next two years, underpinning current revenue growth expectations. The contract has been awarded by the Driver and Vehicle Licencing Agency (DVLA) for the provision of design, development, and application support services.

 

This follows on from Made Tech's first contract with the DVLA, headquartered in Swansea, which was awarded in October 2020 at a value of £3 million. This initial contract was awarded alongside another supplier, however the DVLA has chosen to move forward with Made Tech as a single supplier for the work, a strong endorsement of Made Tech's quality of service and reputation with its customers.

 

The DVLA has awarded the contract as part of a critical IT Transformation programme that seeks to re-engineer all of the DVLA's IT systems onto new, open-source, cloud-hosted IT platforms. As part of the contract, Made Tech will work alongside the DVLA's teams to deliver migration of legacy services to cloud-based environments; develop new internal and external facing services; and create online services and digital channels to improve overall customer service.

 

Rory McDonald, CEO of Made Tech, commented:  "We are delighted to be further expanding our relationship with the DVLA through the award of this extensive contract, which will support our regional expansion and enable further investment into Wales.

 

"This is a great example of how much our clients value the work we deliver and of how our contracts are repeatable in nature and typically increase in size and scope. The contract award is also testament to the talent of our engineers and the quality of the work they have delivered to the DVLA since being first appointed just a year ago.

 

"As our largest contract to date, this underpins our existing growth expectations as a publicly listed company."

 

Enquiries:

Made Tech plc

c/o SEC Newgate

Rory MacDonald, CEO

Deborah Lovegrove, CFO

 

 

Singer Capital Markets (Nominated Adviser & Joint Broker)

Mark Taylor / Jen Boorer / Harry Gooden / Asha Chotai

 

Tel: +44 20 7496 3000

 

Berenberg (Joint Broker)

Chris Bowman / Mark Whitmore / Ciaran Walsh / Alix Mecklenberg-Solodkoff

 

Tel: +44 20 3207 7800

 

SEC Newgate (Financial PR)

Bob Huxford / Robin Tozer / Ian Silvera

 

Tel: +44 20 3757 6880

Email: [email protected]

 

 

 

About Made Tech

 

Made Tech is a provider of digital, data and technology services to the UK public sector. Founded in 2008 and now with a headcount of over 240 across four UK locations (London, Manchester, Bristol and Swansea), Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform.

 

The Group's purpose is to "positively impact the future of society by improving public sector technology". To achieve this the Group has four key strategic missions: Modernise legacy technology and working practices; Accelerate digital service and technology delivery; Drive better decisions through data and automation; and Enable technology and delivery skills to build better systems.

 

 

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