Business
Business Update
Business Update.
About this update from Vianet Group Plc
[{"type":"text","content":"\n \nRNS Number : 1074J Vianet Group PLC 15 August 2019 \n\n \n\n\n\n\nFor immediate release \n\n\n15 August 2019\n\n\n\n\n \nVianet Group plc\n(\"Vianet\" or the \"Group\")\n \nBusiness Update\n \nVianet Group plc (AIM: VNET), the international provider of actionable data and business insight through devices connected to its Internet of Things (\"IOT\") platform, today provides the following business update. \n \nTrading for the first four months of 2020 financial year has been as anticipated with the Group being on course to meet market expectations.\n \nThe Group's Smart Machines division has successfully concluded negotiations on three long-term contracts with leading vending operators. The combined contracts for 20,000 units will generate in the region of £10 million of revenue over the three to five year contract terms, which further underpins the growth of Smart Machines. \n \nCraig Brocklehurst, currently Commercial Operations Director, has been appointed to head up the Group's Smart Zones division. This follows the forthcoming departure of Steve Alton who was recently appointed Chief Executive of pub industry body, the British Institute of Innkeeping.\n \nJames Dickson, Chairman of Vianet commented: \"We are pleased with the contract wins, which are evidence of the Group's positive start to the year. The Group also congratulates Craig on his appointment to head up Smart Zones, replacing Steve Alton who was recently appointed Chief Executive of pub industry body, the British Institute of Innkeeping. We have no doubt that Steve's draught beer quality expertise and insight make him ideally suited for his new role and he leaves with our best wishes.\" \n- Ends -\n \n \n \nEnquiries:\n\n\n\n\nVianet Group plc\n\n\n \n\n\n\n\nJames Dickson, Chairman\n\n\nTel: +44 (0) 1642 358 800\n\n\n\n\[email protected]\n\n\nwww.vianetplc.com\n\n\n\n\n \n\n\n\n\nCenkos Securities plc\n\n\n \n\n\n\n\nStephen Keys / Cameron MacRitchie\n\n\nTel: +44 (0) 20 7397 8900 \n\n\n\n\n \n\n\nwww.cenkos.com \n\n\n\n\nMedia enquiries:\n\n\n\n\nYellow Jersey PR\n\n\n \n\n\n\n\nSarah Hollins\nHenry Wilkinson\nvian...