Actual Experience PLC Channel Partner Update (5408G)
November 26 2020 - 1:00AM
UK Regulatory
TIDMACT
RNS Number : 5408G
Actual Experience PLC
26 November 2020
26 November 2020
Actual Experience plc
(the "Company" or "Actual Experience")
Channel Partner Update
Actual Experience plc (AIM: ACT), the analytics as a service
company, is pleased to provide the following Channel Partner
Update.
New Purchase Order
The Company is pleased to announce that it has received a
Purchase Order ("PO") from one of its Channel Partners in
connection with a major deployment of its recently launched Human
Experience Management offering ("HXM"). The Channel Partner's
customer is a leading global energy supplier. This opportunity
represents a significant milestone for the Company and will
represent the first large-scale deployment of a Business Impact
Assessment ("BIA") project. The Company's software will analyse the
digital experience of 10,000 home and office-based employees for
one month. This confirms the emerging opportunity for the BIA
offering to meet the urgent need of its Channel Partners and their
enterprise customers as they address the continued challenges of
COVID-19-related changes and newly established ways of working
across the world.
A recent publication by McKinsey* stated "COVID-19 has pushed
technologies over the tipping point and transformed business
forever".
The Company's software will be used to analyse the human
experience for this customer for all its UK employees of all key
commercial applications, quantifying the impact the employee
experience has on top level business metrics and objectives such as
operational efficiency, equality, carbon footprint and wellbeing.
Depending on the extent of the business impact identified by the
BIA, the customer may choose to proceed to the ongoing HXM
Continuous Improvement ('CI') service.
Channel Partner progress
Since August 2020, the Company has announced amendments to
agreements with two of its Channel Partners to facilitate the sale
of its new HXM offerings. A third Channel Partner required no
amendment to its agreement to sell the new offerings. The
introduction of HXM is expected to result in a significant
reduction in sales cycles, as well as facilitating a seat-based
pricing model. Since August, the Company's Channel Partners have
rapidly established a list of target customers amounting to over 4
million addressable employees or seats.
Dave Page, CEO of Actual Experience plc, said: "We are delighted
with the market engagement with our new HXM offerings. The progress
we have seen since launching this Professional Services led
offering confirms that our Channel Partners and their enterprise
customers understand that our HXM Business Impact Assessment
offering is highly relevant and timely.
Our Channel Partners are starting to generate a large
addressable opportunity through an increasing list of target
customers, many of which are global blue-chip enterprises, and we
expect that they will progress through a significantly shorter
sales cycle. This reflects our Channel Partners' engagement with
the new HXM offerings, which is stronger and on a deeper level than
ever before."
*McKinsey survey, 5 October 2020:
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and-transformed-business-forever
Enquiries:
Actual Experience plc via Alma PR
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496
Shaun Dobson 3000
Tom Salvesen
Iqra Amin
Alma PR
Josh Royston Tel: +44 (0) 203 405
0205
Robyn Fisher
Helena Bogle
About Actual Experience
Actual Experience's goal is to significantly improve the
performance of the digital world.
The Company enables its partners to optimise their customers'
digital ecosystem to increase productivity and enhance brand
experiences through Human Experience Management.
Developed from 10 years of patented academic research and three
patents, the Company's Human Experience Management Services analyse
the human experience of any digital service. The Company's service
provides organisations with actionable information whereby changes
to the digital ecosystem can be made to optimise and improve
digital experience for customers and employees. For any
organisation, this means that their most valuable asset - their
employees - are liberated from digital slow time, their online
brand reputation can be protected and they can make informed
ecosystem investment decisions.
Actual Experience is listed on the London Stock Exchange (AIM:
ACT). Our corporate headquarters is in Bath, UK. Actual
Experience's unique and patented digital analytics-as-a-service is
founded on cutting-edge research at Queen Mary University of
London.
For further information please visit
www.actual-experience.com
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