Business
Contract win
Contract win.
About this update from Cirata Plc
[{"type":"text","content":"\n\n31 March 2025\nCirata plc\n(\"Cirata\" or the \"Company\")\n$2m Multiyear Data Automation Contract win with leading retailer\nGrowth contract leveraging enterprise-wide agreement\n \n \nCirata plc (LSE: CRTA) is pleased to announce a $2m, 3 Year contract win with a leading UK retailer. This growth contract represents an expansion of value and scope and a deepening strategic relationship with this customer.\n \nThe retailer plans to leverage the power of hybrid cloud and deploy Cirata enterprise wide at scale as the standard to make data available for analytics, GenAI and for the innovation of edge use cases.\n \nThe enterprise-wide licence agreement enables data automation at petabyte scale, allowing for migration from multiple sources to multiple targets (on-premise to and from the cloud).\n \nFor this innovative customer, Cirata will support the implementation of open table formats (such as Apache Iceberg) to enable platform interoperability and avoid vendor lock-in. Apache Iceberg has emerged as a leading standard for an \"open table format,\" offering a streamlined and scalable framework for organizing data and metadata. This structure enhances data interoperability across computing platforms.\n \nIn addition, this important strategic relationship will provide an environment for collaboration on future Cirata data orchestration platform functionality. \n \n \nStephen Kelly, Chief Executive Officer, commented;\n\"This enterprise-wide licence agreement with one of the world's leading retailers is a strong endorsement of Cirata's strategy. The ability to leverage the open table format to avoid vendor lock-in was a critical factor for the selection of Cirata. This customer is an innovator in data modernization, and the contract recognizes Cirata as a strategic partner, driven by their strong alignment with our technology roadmap. Cirata provides a clear vision for data orchestration within the enterprise.\nAs we signalled in January, FY25 represents a growth year built on solid foundations and this customer contract marks another step in the right direction. The validation from a leading UK retailer is a strong endorsement that customers are seeking petabyte-scale data automation with the freedom from vendor lock-in.\"\n \nThis announcement contains inside information under t...