TPXimpact Holdings PLC Contract wins (8849X)
April 28 2023 - 4:18AM
UK Regulatory
TIDMTPX
RNS Number : 8849X
TPXimpact Holdings PLC
28 April 2023
28 April 2023
T PXimpact Holdings PLC
( "TPX", "T PXimpact ", or the "Company")
Contract wins
Two significant contract wins with critical central government
departments
Two-year digital transformation contract with Department for
Education worth up to GBP27.4 million and four-year digital
transformation contract with His Majesty's Land Registry worth up
to GBP49 million
TPXimpact Holdings PLC (AIM: TPX), a technology-enabled services
company focused on digital transformation, announces two
significant contract wins with two UK central government
departments. Combined, the contracts will deliver a cumulative
value of up to GBP77 million over a four year period and
demonstrates TPXimpact's position as a leading provider of digital
transformation services to the public sector.
The first is a two-year contract with the Department for
Education (DfE) worth up to GBP27.4 million, commencing in May
2023. TPX has been appointed to lead a consortium of suppliers with
specialist expertise across all of the Digital, Data and Technology
(DDaT) Profession Capability Framework job families, to design,
develop and iterate digital services for Teachers and related
users.
The second contract win is with His Majesty's Land Registry
(HMLR) and is TPX's largest to date, worth up to GBP49 million over
a four-year period, commencing in May 2023. TPX has been appointed
HMLR's Digital, Data, and Technology (DDaT) Delivery Partner and
will provide a range of digital and technical transformation
programmes to support HMLR's ambitions to deliver a more efficient
and effective service to its users.
This includes providing secure and efficient land registration,
enabling digital property buying and selling, providing near
real-time property information, offering accessible digital
register data, and collaborating with property market partners to
conduct research and accelerate change. This partnership builds on
TPX's long-standing relationship with HMLR and proven track record
of success as both a user-centred design and product management
partner.
Bjorn Conway, Chief Executive Officer of TPXimpact Holdings PLC,
commented:
"Our projects with the DfE and HMLR underscore the strength of
our offering across digital transformation services, which will
prove essential in driving the automation of critical government
systems and services. Winning these contracts following a
competitive tender process highlights the quality of our offering
and consolidates our position as a leading provider of digital
transformation services to the public sector.
With the Group optimised for efficiency under one brand, these
contracts also represent the scale and value of the projects
TPXimpact can deliver. As an agile organisation with end-to-end
digital transformation capabilities, we continue to target larger
and longer-term contracts across both the public and private
sectors. We are excited to embark on these partnerships and look
forward to the opportunities they unlock for further growth and
innovation."
- Ends -
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act 2018.
The person responsible for this announcement is Steve Winters,
Group CFO.
Enquiries:
TPXimpact Holdings PLC Via Alma PR
Bjorn Conway, Group CEO
Steve Winters, Group CFO
Stifel Nicolaus Europe Limited +44 (0) 207 710 7600
(Nomad and Joint Broker)
Alex Price
Fred Walsh
Ben Burnett
Dowgate Capital Limited
(Joint Broker)
James Serjeant
David Poutney
Russell Cook +44 (0) 203 903 7715
Alma PR +44 (0) 203 405 0209
(Financial PR) tpx@almapr.co.uk
Josh Royston
Kieran Breheny
Matthew Young
About TPXimpact
TPXimpact exists to transform the organisations, services and
systems that underpin society and that drive business success. It
applies strategic and creative thinking, technology, innovative
design and user-centred approaches to bring about numerous
improvements which together multiply the impact of change.
The Company works closely with its clients in agile,
multidisciplinary teams that span organisational design,
technology, and digital experiences. It shares a deep understanding
of people and behaviours and a philosophy of putting people and
communities at the heart of every transformation.
The business is being increasingly recognised as a leading
alternative digital transformation provider to the UK public
services sector, with c.65% of its client base representing the
public sector and c.35% representing the commercial sector.
More information is available at www.tpximpact.com.
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END
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