Business
Kings College London Contract Win
Kings College London Contract Win.
About this update from Tribal Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2977K\n Tribal Group PLC\n 31 December 2020\n \n \n \n \n 31st December 2020\n \n \n Tribal Group plc\n \n \n (\"Tribal\" or \"the Group\")\n \n \n King's College London signs multi-year subscription for Tribal:Cloud service\n \n \n Tribal (AIM: TRB), a leading provider of software and services to the international education market, announces that it has signed a £3.1m, 5-year contract with Kings College London to provide the university with its Tribal:Cloud service. The incremental revenue from the contract is £2.1m, and includes an incremental Annual Recurring Revenue value of approximately £0.3m per year, commencing in June 2021.\n \n \n An existing on-premise customer of Tribal Group, King's College London has elected to migrate its current Student Management System (SMS), SITS:Vision, to the Tribal SITS Cloud, providing an improved student experience and delivering operational efficiencies for the university.\n \n \n \n Mark Pickett, Tribal's CEO, commented:\n \n \"I am delighted that Kings College London, one of the top research and teaching universities in the world, has selected our cloud service for the ongoing provision of their core student administration service. This is a strong endorsement of the validity of our cloud-first strategy. With a growing recognition across the global education sector of the benefits the public cloud can provide, we are excited by the opportunity ahead.\"\n \n \n \n \n \n \n \n \n Tribal Group plc\n \n \n \n \n Tel: +44 (0) 117 311 5293\n \n \n \n \n \n \n Mark Pickett, Chief Executive Officer\n \n \n Paul Simpson, Acting Chief Financial Officer\n \n \n \n \n \n \n \n \n \n \n \n \n \n Ken Lewis, Company Secretary\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Investec Bank plc \n \n (NOMAD & Joint Broker)\n \n \n \n \n Tel: +44 (0) 20 7597 5970\n \n \n \n \n \n \n Sara Hale, Virginia Bull, Will Godfrey \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n N+1 Singer Capital Markets Limited\n \n \n \n \n (Joint Broker)\n \n \n \n \n Tel: +44 (0) 20 7496 3000 \n \n \n \n \n \n \n Shaun Dobson, Tom Salvesen, Alex Bond, \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Alma PR\n \n \n \n \...