RedstoneConnect PLC Contract Extension (6576M)
October 17 2016 - 1:00AM
UK Regulatory
TIDMREDS
RNS Number : 6576M
RedstoneConnect PLC
17 October 2016
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014
17 October 2016
RedstoneConnect Plc
("RedstoneConnect" or the "Group")
GBP8.4 million contract extension with leading financial
institution
RedstoneConnect (AIM: REDS), a leading provider of technology
and services for smart buildings and commercial spaces, is pleased
to announce it has been awarded a three-year contract extension to
an existing managed services contract, valued at GBP2.8 million per
annum.
The contract for one of the world's largest financial
institutions, which has been a long standing client of the Group's,
will see RedstoneConnect provide IT infrastructure management
services across a number of campus buildings in support of over
17,000 UK-based employees, nearly 25,000 desktop assets and an
average of 10,000 desktop moves every year.
Mark Braund, CEO of RedstoneConnect, commented:
"We are delighted to have extended our remit with this important
client and believe our ability to constantly innovate our service
delivery lies at the heart of our high customer retention
rates.
"This contract extension further reinforces our continued
progress in evolving the Group's financial model to a more
annuity-based revenue stream from both our existing customer base
as well as from new clients."
Enquiries
RedstoneConnect Plc via Vigo Communications
Mark Braund (CEO)
Spencer Dredge (CFO)
Cantor Fitzgerald Europe (Nominated
Adviser & Joint Broker)
Marc Milmo/Phil Davies/Catherine +44 (0)20 7894
Leftley/Callum Butterfield 7000
Whitman Howard Limited (Joint Broker) +44 (0)207 659
Nick Lovering 1234
Vigo Communications (Financial
Public Relations)
Jeremy Garcia / Ben Simons / Antonia
Pollock +44 (0)20 7830
reds@vigocomms.com 9700
About RedstoneConnect Plc
RedstoneConnect is focused on technologies that make real estate
more efficient and businesses more effective. Its businesses,
Redstone and Connect IB, provide the infrastructure capabilities
and the software applications to deliver smart building and smart
workspace solutions for commercial businesses, public sector
organisations, real estate owners and managers.
This information is provided by RNS
The company news service from the London Stock Exchange
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