REG - Actual Experience - Significant UK Central Government Contract

Actual ExperienceAnnouncement

21/03/2023 07:00

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RNS Number : 5793T  Actual Experience PLC  21 March 2023

21 March 2023

Actual Experience plc
(the "Company", "Actual Experience", or "Actual")

Contract Win

Significant contract with UK central government department

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is
pleased to announce that, in conjunction with its partner Vodafone UK
("Vodafone"), it has secured its first contract for its newly launched Digital
Workplace Management Platform ("DWMP"). The two year contract has been awarded
by a UK central government department ("the Department") following a
procurement process that we reported was underway at the time of the Company's
2022 final results issued on 27 January 2023.

Under the terms of the contract, the DWMP will enable the Department to
measure its employees' human experience (HX) in an increasingly complex,
hybrid working environment. The DWMP presents the results of these
measurements in a timely and reliable dashboard format, highlighting areas
where improvements can be made to increase productivity, as well as securing
improvements to employee wellbeing. In this way the DWMP gives leaders the
information they need to be able to manage and improve their digital
workplace.

The Department has been a long standing user of Actual's legacy offering and
were transitioned to the new DWMP as part of the early commercial launch
process. Due to the success of the new DWMP and the value seen by the
customer, Actual are delighted to have secured the contract renewal. The value
of this order has initially been set at a similar level to previous years and
represents a SaaS revenue stream of approximately £230k p.a. Actual expects
to be able to give further information regarding this new contract in the near
future.

Steve Bennetts, Interim CEO and Chief Financial Officer, commented:

"We are delighted to announce our first DWMP contract win, which is a
significant milestone for Actual and has been achieved with our partner
Vodafone. The Department has indicated that they will shortly be able to give
Actual permission to provide further details regarding this project and we
look forward to announcing this soon.

"Our focus remains on expanding our prospect pipeline and, as noted in our
recently issued Annual Report, we expect to be able to announce further sales
orders in the coming months."

 

For further information, visit www.actual-experience.com
(http://www.actual-experience.com) , follow on twitter @ActualExp, or contact:

 Actual Experience plc                            Tel: +44 (0)203 128 8100

 Steve Bennetts, Chief Financial Officer

 Singer Capital Markets Advisory LLP              Tel: +44 (0)207 496 3000

 Shaun Dobson

 James Fischer

 Turner Pope Investments (TPI) Ltd                Tel: +44 (0)203 657 0050

 James Pope

 Andy Thacker

 Flagstaff Strategic and Investor Communications  Tel: +44 (0)207 129 1474

 Tim Thompson                                     actual@flagstaffcomms.com

 Mark Edwards

 Andrea Seymour

 Anna Probert

About Actual Experience

Actual Experience's goal is to make the digital world work for everyone,
everywhere, all of the time. As the working world evolves post-pandemic, the
global shift to a flexible hybrid model has brought with it a significant
challenge; how do businesses create an environment that gives their people
what they need to thrive, whilst protecting the commercial efficiency of the
business and driving growth at the same time?

By underpinning their strategic decision making with our data-driven insights,
our customers gain the clarity and confidence needed to build sustainable
digital ecosystems within their organisations - delivering both a great
employee experience and increasing the efficiency of the digital workplace.
Powered by over 10 years of academic Human Experience research, our Digital
Workplace Management System doesn't need any interaction with employees to
provide a unique and highly actionable dataset that People, Technology and
Finance leaders can rely upon to plan impactful projects against their most
critical agenda items including wellbeing, profitability, DE&I and ESG
initiatives.

Actual Experience is listed on the London Stock Exchange (AIM: ACT). Our
corporate headquarters are in Bath, UK. Actual Experience's unique and
patented digital analytics-as-a-service is founded on cutting-edge research
from Queen Mary University of London.

 

 

 

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