REG - 1Spatial Plc - Enterprise contract wins

1SpatialAnnouncement

10/01/2024 07:00

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RNS Number : 1560Z  1Spatial Plc  10 January 2024

10 January 2024

1Spatial plc

("1Spatial", the "Group" or the "Company")

 

Enterprise contracts wins

 

Demonstrating the growth of 1Spatial Enterprise business across key
geographies, closing the year with good momentum

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, secured several multi-year Enterprise contracts
in December, strengthening the Group's position across its key geographies and
closing the year with good momentum.

 

Two-year expansion contract to support the Californian Department for
Transportation in partnership with Rizing

 

1Spatial has signed a two-year contract with Rizing, a global SAP partner, to
support its Transportation Asset Management System (TAMS) project for the
California Department of Transportation (Caltrans). Providing $0.4 million in
additional annual recurring revenue, the contract will see 1Spatial's
1Integrate and 1DataGateway products used for their unique data migration and
data validation capabilities. There are opportunities for extension of licence
terms as well as significant further expansion within the account. This is the
second contract with Caltrans, secured alongside Rizing, demonstrating the
strength of the long-standing partnership and demand for 1Spatial's unique
technology.

 

Three-year contract extension with a Global Utility headquartered in France

 

A major European utility customer has renewed its software licence
subscription for 1Spatial's GIS Framework and 1Integrate products, extending
the term from one year to three years. The software is fundamental to the
management of the customer's water and sewage network system and allows the
creation of tailored applications to monitor efficiency. The contract has a
total value of approximately €1.8 million over the initial three-year
period, with an estimated €1.2 million allocated to managed services and
€0.6 million to term license revenue. This key account presents promising
potential for future growth and the extension reflects the ongoing
satisfaction with 1Spatial's solutions and strength of the Group's offering.

 

Four-year contract with ATKIS-1Gen

 

1Spatial has secured a four-year contract with ATKIS-1Gen, a working group of
ADV (Arbeitsgemeinschaft der Vermessungsverwaltungen der Laender) that
coordinates surveying and mapping in Germany, focussed on the development of a
cloud-based generalisation product that will replace on-premise technology.
The total contract value, over the initial four-year term, is approximately
€1.3 million, with the opportunity for extension of licence terms as well as
expansion within the account. With 1Spatial's expertise and technology,
ATKIS-1Gen will benefit from a more efficient and configurable product
creation process secured within a managed cloud environment.

 

Commenting on the contract awards, 1Spatial CEO, Claire Milverton, said: "We
are delighted to have been awarded these significant contracts from these
major organisations, expanding our presence in Europe and the US. These wins
demonstrate that the Land and Expand strategy in our Enterprise business is
continuing to deliver organic growth, and alongside our 1Streetworks and NG911
offerings, we believe the opportunity for 1Spatial has never been greater.
These wins prove that our customers understand the value of our world-leading
and innovative technology as we are increasingly selected as the chosen
provider on a repeat basis, and we expect many further opportunities from our
patented 1Integrate offering across key geographies."

 

For further information, please contact:

 1Spatial plc                                01223 420 414
 Claire Milverton / Stuart Ritchie

 Liberum (Nomad and Broker)                  020 3100 2000
 Max Jones / Edward Mansfield / Anake Singh

 Alma Strategic Communications               020 3405 0205
 Caroline Forde / Hannah Campbell            1spatial@almastrategic.com

 

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management
(LMDM) software, solutions and business applications, primarily to the
Government, Utilities and Transport sectors via the 1Spatial platform. Our
solutions ensure data governance, facilitating the efficient, effective and
sustainable operation of customers around the world. Our global clients
include national mapping and land management agencies, utility companies,
transportation organisations, government and defence departments.

 

Today, when using and sharing trusted data provides significant opportunities
for businesses and governments to deliver against important sustainability and
Net Zero goals, our vision is clear - to make the world safer, smarter and
more sustainable by unlocking the value in data, enabling better decisions and
greater insights.

 

The 1Spatial platform is a comprehensive set of data and system agnostic LMDM
software components which helps ensure master data is compliant, current,
complete, consistent, and coordinated - and that customers can be confident it
will remain that way as it evolves. It allows them to master their data on any
device, anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both.

 

Our domain expertise and data agnostic approach allows us to be an integral
and important part of the Geospatial Ecosystem, supporting the wider digital
economy.  We partner with major technology consultancies and GIS providers
such as ESRI and bring together our people, innovative solutions, industry
knowledge and experience from our extensive customer base to deliver world
class solutions.

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in
the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.

 

www.1spatial.com (http://www.1spatial.com)

 

 

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