Rosslyn Data Technologies PLC Contract Win (4779Z)
September 03 2018 - 1:00AM
UK Regulatory
TIDMRDT
RNS Number : 4779Z
Rosslyn Data Technologies PLC
03 September 2018
3 September 2018
Rosslyn Data Technologies plc
(the "Company", "Rosslyn" or the "Group")
Contract Win
Global Defence, Aerospace and Security Company Selects Rosslyn
Data Technologies
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, announces it has secured a data analytics
contract worth over US$650,000. The contract covers a three-year
period with US$250,000 to be billed in the first year and
US$200,000 per annum in subsequent years. The contract includes an
option to extend beyond the three-year term as well as the
capability of having additional services provided during the
contract life.
This client is a high profile global defence, aerospace and
security company. The technology landscape in which it operates is
complex, covering diverse companies and geographies and a multitude
of data repositories and systems. This level of complexity means
that the data challenges are extremely high, and the Directors
believe that Rosslyn's selection demonstrates the trust
organisations have in Rosslyn's RAPid platform. Rosslyn aims to
complete the implementation of this project in less than eight
weeks, including the provision of a complete data analytics
enrichment, aggregation and dashboard service. This quick
implementation demonstrates the power of Rosslyn's award-winning
analytics platform, which simplifies how organisations make sense
of and attain value from data, using leading-edge machine learning
techniques.
The client is seeking to identify and capitalise on an
increasing and varying number of opportunities it has identified in
the procurement space. The functionality of Rosslyn's RAPid
platform is providing a strategically important platform on which
the client's transformation program will be reliant, enabling the
compilation of multiple source data, and allowing it to focus on
achieving its business objectives. In parallel, RAPid will enable
the client to improve the quality of its data, monitor risks,
visualise issues and develop its own customised analytical views.
This compares to the standard canned and fixed traditional
reporting and analytical needs that many of our competitors
deliver. The Directors believe that RAPid closes the gap between
the user and data and empowers them with easy to use, highly visual
analytical functionality, enabling them to unlock the value of
their data and identify opportunities that otherwise may have
remained hidden.
Roger Bullen, said:
"I am delighted that Rosslyn, through our partner program, has
won another high profile client in a competitive and demanding
process. Our focus on the complex data analytics market continues
to deliver a number of opportunities and this extremely important
win demonstrates the continued demand for our data services in this
growing sector. Being selected by this leading company shows that
our RAPid Analytics Platform is the technology of choice for
companies serious about leveraging the value of their data in order
to improve business performance. This win also underpins the
progress we are making in increasing our average annual contract
value, which is continuing to grow."
+44(0)20 7138
3203
Rosslyn Data Technologies Roger Bullen, +44(0)77 7162
plc Chief Executive Officer 3345
Lance Mercereau +44(0)77 8818
Chief Marketing Officer 3273
Cenkos Securities
-
Nominated Adviser, +44(0)20 7397
Broker Stephen Keys 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT), is a leading provider
of a cloud-based data analytics platform. The company provides
analytical services by combining four key technologies: data
extraction; cleansing; enrichment; and visualisation, through a
single cloud platform enabling users with detailed data to make
more informed decisions. Rosslyn's RAPid platform is the Group's
primary product available to its multinational customers, including
Babcock Corporate Services plc, Xerox Business Services and
Coca-Cola Enterprises, Inc. Rosslyn Data Technologies plc is the
ultimate holding company of the Group and owns 100 percent of
Rosslyn Analytics Limited.
Further information can also be found on the Company's website
at: www.rosslyndatatech.com
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END
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