Rosslyn Data Technologies PLC Contract Win
July 09 2019 - 3:32AM
RNS Non-Regulatory
TIDMRDT
Rosslyn Data Technologies PLC
09 July 2019
09 July 2019
Rosslyn Data Technologies plc
("RDT" the "Group")
Contract Win
Multi-national client wins
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, announces that it has won two contracts
with a total contract value exceeding GBP0.6 million. The contracts
are for delivery of procurement and supply chain analytics
solutions to more effectively manage costs, compliance and
risks.
One of the clients is a science-led sustainable technologies
business employing 15,000 people in over thirty countries around
the world. The client's specific needs included a better
understanding of global procurement performance by supplier, by
client site and also the impact of price changes on profits, which
Rosslyn's RAPid platform was able to meet comfortably.
The other client is a multinational general insurance company
with operations in more than 140 countries. The client is
implementing the RAPid platform along with Savings Tracker which is
a module enabling procurement teams to track projects, and forecast
and track savings, and provides reporting capabilities for
communication throughout organisations.
These latest contract wins add to a growing list of
multi-national clients seeking to better understand their
group-wide procurement and supplier data and embracing cloud
technology solutions to help them improve their operational
efficiencies.
Rosslyn Chief Executive Officer, Roger Bullen said;
"These wins demonstrate our ability to win clients in
competitive processes across various industry sectors, including
clients with very specific needs in their procurement functions. It
is a further validation that our RAPid Analytics Platform is the
technology of choice for companies serious about leveraging the
value of their data to improve business performance."
About RAPid
Rosslyn's RAPid platform is designed to provide a strategically
important platform for clients, allowing them to bring together
data from multiple sources and enabling them to improve data
quality, monitor risks, visualise issues and develop their own
analytical views and processes to reduce cost and improve
efficiency. This compares to the standard fixed traditional
reporting and analysis that many of our competitors deliver. RAPid
closes the gap between the user and their data and empowers them
with easy to use and highly visual analytical functionality, to
unlock the value of their data and identify opportunities that
otherwise may have remained hidden.
This announcement contains inside information.
+44(0)77 7162
3345
Rosslyn Data Technologies Roger Bullen, Chief Executive +44(0)20 7138
plc Officer 3203
+44(0)79 3054
7441
Ash Mehta, Chief Financial +44(0)20 7138
Officer 3203
Cenkos Securities,
Nominated Adviser, +44(0)20 7397
Broker Stephen Keys/Giles Balleny 8924
Notes to Editors
Rosslyn Data Technologies plc, (AIM: RDT) is a leading provider
of a cloud-based big-data analytics platform. The company provides
analytical services by combining four key technologies: bulk 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.
Further information can also be found on the Company's website
at: www.rosslyndatatech.com
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END
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