Parity Group PLC Contract (0588R)
February 26 2019 - 1:00AM
UK Regulatory
TIDMPTY
RNS Number : 0588R
Parity Group PLC
26 February 2019
26 February 2019
Parity Group plc
("Parity" or the "Group")
Parity wins contract with the Department for Education
Parity (AIM:PTY), the data and technology focussed professional
services business, today announces the award of a 2 year contract
with the Department for Education (DfE). Parity has been appointed
as the agile development partner to support the delivery of the
ongoing digital transformation of the Funding and Contracting
Service (FCS).
The FCS is part of the Education and Skills Funding Agency
(ESFA) which delivers all school and further education funding in
England. It is responsible for managing contracts with training
providers and making approximately GBP6bn of payments to them per
year.
Under this new contract Parity will work with the FCS so it
develops to meet the ESFA's evolving needs, with the scope of work
expected to include supporting the launch of new products,
reshaping mature systems and ensuring effective interfaces with
other ESFA systems. Parity, which brings 45 years of data and
technology experience and skills, will work alongside the existing
in-house digital team, based primarily in Coventry, to support and
cover all of their digital service roles.
The award represents a total opportunity of up to GBP4.5m over
the next two years for Parity strengthening the Group's order book
and providing further visibility to underpin our current
expectations for Group performance over the period.
Matthew Bayfield, CEO, commented:
"I am delighted to announce that the Department for Education
has appointed Parity as the development partner for its Funding and
Contracting Service's digital transformation, which builds upon our
successful work with them in the past. This contract win is
testament to our deep expertise and experience in this area and our
ability to flexibly address the challenges facing major
institutions as they undergo digital transformations, providing us
with further confidence in our strategic focus and vision for the
company."
--ENDS-
Contracts
Parity Group PLC www.parity.net
+ 44 (0) 208 543
Matthew Bayfield, CEO 5353
Roger Antony, GFD
WH Ireland Limited www.whirelandcb.com
+44 (0) 117 945
Mike Coe / Chris Savidge 3470
MHP Communications parity@mhpc.com
Katie Hunt / Kelsey +44 (0)203 128
Traynor 8193
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END
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