Business
Contract Wins: Top US Retailer and Legal Firm
Contract Wins: Top US Retailer and Legal Firm.
About this update from Rosslyn Data Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 3264I Rosslyn Data Technologies PLC 08 December 2015 \n \n\nRosslyn Data Technologies plc\n(\"Rosslyn\", \"Company\" or the \"Group\")\n \nContract Wins: Top 10 US Retailer1 and Global Top 15 Legal Firm2\n \nRosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that Rosslyn Analytics Ltd, has recently won two multi-year contracts. One contract win is with a Top 10 US Retailer¹ and the other is with a Top 15 Global Legal Firm². The combined value of these two contracts is worth over £300,000 over the terms of the contracts. The Board believes these contract wins position Rosslyn well to upsell its growing number of analytical services and capabilities. \n \nThe US Retailer contract was won on the back of the successful deployment of the RAPid Platform in one of the retailer's wholly owned subsidiaries in Europe. The extension of the platform into the retailer's parent company is a material step for Rosslyn: facilitating entry into a large and dynamic sector where the Board believes data is increasingly being seen as a vital asset. This contract win marks another significant client acquisition in the retail sector, following on from an earlier win with a leading European DIY chain. Further, the Board believes that this contract underpins the scalability of the RApid platform, in terms of not only usage but velocity, volumes and variety of data. \n \nThe addition of another Top Global Law firm² is an encouraging step forward in a sector Rosslyn already has a strong position in. The Client is initially implementing RAPid into the finance and accounting functions. \n \nCharles Clark, CEO, said: \n \n\"These two recent wins underpin our momentum and progress in two important sectors for the firm whilst it provides the firm a flagship client in the US retail market. The sales funnel is healthy and our operational effectiveness of converting these opportunities continues to improve. With our research and development teams focus on developing data technologies, our products continue to enable clients to quicken their data preparation and analytic activities, translating this into cheaper and less complicated analytics, which in turn makes the many marginal pro...