Business
GM Launches Phase 2
GM Launches Phase 2.
About this update from Cirata Plc
[{"type":"text","content":"\n\n25 June 2024\n \nCirata plc\n(\"Cirata\" or the \"Company\")\nGM Launches Phase 2\n \nCirata plc (LSE: CRTA) is pleased to announce that General Motors ('GM') is proceeding to phase 2 under the master license agreement announced by Cirata on 16 August 2023. \n \nThe August 2023 announcement saw GM commit to moving at least 3.3 petabytes of data with a contract value of over $400,000 in phase 1.\n \nPhase 2 includes a 4 petabyte data allowance, and accompanying maintenance and support services, with a contract value of $490,733.\n \nThis phase will again be transacted on the Azure Marketplace. Cirata's ability to seamlessly deliver large-scale continuous data integration solutions and its go-to-market model with leading cloud service providers demonstrates the strategic value of its products to GM and was a central reason why GM decided to deepen its relationship with the Company.\n \n \nThis announcement contains information that qualifies or may qualify as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.\n \nThe person responsible for arranging the release of this announcement on behalf of Cirata plc is Larry Webster, Company Secretary. \n \n \nFor further information, please contact: \n \n\n\n\n\nCirata\n\n\nVia FTI Consulting\n\n\n\n\nStephen Kelly, Chief Executive Officer\n\n\n\n\n\n\n\nIjoma Maluza, Chief Financial Officer\n\n\n\n\n\n\n\nDaniel Hayes, Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting\n\n\n+44 (0)20 3727 1137\n\n\n\n\nMatt Dixon / Kwaku Aning / Usama Ali\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStifel (Nomad and Joint Broker)\n\n\n+44 (0)20 7710 7600\n\n\n\n\nFred Walsh / Ben Good\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLiberum (Joint Broker)\n\n\n+44 (0)20 3100 2000\n\n\n\n\nMax Jones / Edward Mansfield / John More\n\n\n\n\n\n\n\n \n \nAbout Cirata\n \nCirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their...