Rosslyn Data Technologies PLC Contract Renewals (9933Q)
June 25 2020 - 1:00AM
UK Regulatory
TIDMRDT
RNS Number : 9933Q
Rosslyn Data Technologies PLC
25 June 2020
25 June 2020
Rosslyn Data Technologies plc
("Rosslyn" the "Group")
Significant contract renewals underpin Annual Recurring
Revenue
Rosslyn Data Technologies plc (AIM: RDT), a leading global big
data technology company, announces that it has recently renewed a
number of client contracts with extended durations which will help
underpin management's current expectations for the Group's Annual
Recurring Revenue ("ARR") in future periods. As previously
announced, the Company will enter the 2021 financial year with
anticipated ARR in excess of GBP6.0 million.
The three contracts have a combined ARR of GBP0.9 million and a
total contract value of approx. GBP1.5 million and will expire
between September 2021 and June 2023. The end clients are an
international telecoms business, a world-renowned American
university, and a UK government department.
These long-term commitments reflect increasing client confidence
in Rosslyn and the durability of Rosslyn products and services.
Rosslyn Chief Executive Officer, Roger Bullen said ;
"We're pleased that these blue-chip clients are prepared to
commit to Rosslyn for longer periods. This says a great deal about
client confidence in Rosslyn, our products, support and staff, also
to our ongoing commitment to maintain and improve our
products."
+44(0)77 7162
3345
Rosslyn Data Technologies Roger Bullen, Chief Executive +44 (0)203 285
plc Officer 8008
+44(0)79 3054
7441
Ash Mehta, Chief Financial +44 (0)20 3051
Officer 7798
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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