Business
Contract Wins
Contract Wins.
About this update from Rosslyn Data Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 0592Z Rosslyn Data Technologies PLC 08 January 2020 \n\n8 January 2020\nRosslyn Data Technologies plc\n(\"RDT\" the \"Group\")\nContract Wins\nRosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won two large contracts with a minimum combined contract value of £0.9 million over their minimum term. The contracts are for delivery of Knowledge Capture part of Rosslyn's Information Management suite of products.\nThe first client win is a document search and management contract with a UK-headquartered insurance company with a large retail customer base. The client will be implementing Rosslyn's technology to enable its clients to access their documentation more easily through a self-service application. The client is expected to utilise the system to enable more than 3 million customer transactions per annum initially, increasing up to 14 million transactions per annum in due course. The three-year contract has a minimum value which will increase with the volume of transactions.\nThe second client win is an expansion of an existing knowledge capture contract with the UK subsidiary of a multinational data solutions business. The client is managing documentation storage for a UK government department relating to a data retention requirement lasting over many decades. \nThese latest contract wins add to a growing list of multi-national clients for both the Group's RAPid supply chain analytics and information management solutions adding £200K to the Company's ARR.\n \n \nRosslyn Chief Executive Officer, Roger Bullen said;\n\"These wins demonstrate again our ability to secure significant contracts with large clients who have a variety of needs relating to managing structured and unstructured data continues to be effective. Our focus remains on growing recurring revenues capable of delivering strong margins.\n \n\n\n\nRosslyn Data Technologies plc\n\n\nRoger Bullen, Chief Executive Officer\n\n\n+44(0)77 7162 3345\n+44(0)20 7138 3203\n\n\n\n\n\n\n\nAsh Mehta, Chief Financial Officer\n\n\n+44(0)79 3054 7441\n+44(0)20 7138 3203\n\n\n\n\nCenkos Securities,\nNominated Adviser, Broker\n\n\nGiles Balleny/Max Gould\n \n\n\n+44(0)20 7397 8900\n\n\n\n \nNotes to Editors\nRosslyn Data Technologies plc, (AIM: RDT) is a leading provider of a...