Castleton Technology PLC Contract Wins (1897U)
January 16 2017 - 1:00AM
UK Regulatory
TIDMCTP
RNS Number : 1897U
Castleton Technology PLC
16 January 2017
Castleton Technology plc
("Castleton", the "Group" or the "Company")
Contract Wins
Castleton Technology plc (AIM: CTP), the software and managed
services provider to the public and not-for-profit sectors, is
pleased to announce that it has secured two significant new
contracts; a ten year contract with Clúid Housing Association
("Clúid") in Ireland and a five year contract with Arcon Housing
Association ("Arcon") in Manchester with a combined value of GBP1.8
million (the "Contracts").
The Contracts are the second and third Housing Management system
wins since the Company's acquisition of Kypera Holdings Limited in
January 2016 and are testament to the Company's strategy of
providing a leading range of software solutions to the social
housing sector, which is expected to grow significantly over the
coming years to meet ever increasing housing demands.
The Contracts also include other products from Castleton's range
of software products, with Clúid being the first customer to take
the complete suite of software products, demonstrating the success
of the Group's cross-selling strategy and proposition of being a
"one stop shop" serving the social housing sector.
Dean Dickinson, CEO of Castleton, said: 'These new contracts, in
particular the one with Clúid, which is our first customer to take
the full suite of our products, are proof of our business model.
This, combined with a healthy pipeline, means that we are well
positioned to maintain our growth whilst increasing profitability
by providing more of our customers with our broader range of
complementary products and services.'
Anne Southern, Finance Director of Arcon said "Adopting the
Castleton integrated suite of products means we can interact more
efficiently with our customers, which will reduce cost and improve
our service to them. The Housing and Agile Products in particular
will also allow us to reshape how we deliver our front-line
services to our customers, giving them the option to choose which
device they use to communicate with us. As we embed these systems
more deeply into the Arcon way of working, I have no doubt our
customers will feel significant benefits. We look forward to our
future partnership with the Castleton team who impressed us from
the very beginning with their professionalism and commitment to
working with us."
Brian O'Gorman CEO & Ronnie Maher, IT Director at Clúid
Housing said "Over the past two years, Clúid has developed a strong
working relationship with Castleton, which has resulted in a number
of projects being successfully delivered across the business. This
success has prompted us to move to the next stage of growth. Clúid
has been seeking an innovative supplier to work in partnership to
deliver its corporate strategy and ambitious business plan. The
partnership heralds a cultural change in our way of working. It
provides access to the best products and gives the business a
significant competitive advantage. It enables the full integration
of all operations across the entire business, delivering untold
efficiency. The success of this project is underpinned by the
flexibility, understanding and willingness of Castleton and Clúid
Housing to work together to identify the best solutions and deliver
value for money for Clúid, our stakeholders and most importantly
our customers."
Enquiries: Castleton Technology Tel. +44 (0)845
plc 241 0220
Dean Dickinson, Chief
Executive Officer
Haywood Chapman, Chief
Financial Officer
finnCap Tel. +44 (0)20
Jonny Franklin-Adams 7220 0500
/ Simon Hicks
MXC Capital Markets Tel. +44(0)20
LLP 7965 1849
Marc Young / Charlotte
Stranner
Alma PR Tel. +44(0)
Josh Royston 7780 901979
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTSFEFAIFWSEEF
(END) Dow Jones Newswires
January 16, 2017 02:00 ET (07:00 GMT)
Castleton Technology (LSE:CTP)
Historical Stock Chart
From Apr 2024 to May 2024
Castleton Technology (LSE:CTP)
Historical Stock Chart
From May 2023 to May 2024