REG - Aptitude Software - Aptitude Fynapse New Contract Win

Aptitude SoftwareAnnouncement

03/04/2025 07:00

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RNS Number : 5066D  Aptitude Software Group PLC  03 April 2025

3 April 2025

Aptitude Software Group plc

("Aptitude", "the Group")

Aptitude Fynapse New Contract Win

New contract with high growth technology customer represents continued
momentum in an exciting growth vertical.

Aptitude (LSE:APTD), a market-leading provider of finance transformation
software solutions, specialising in fully autonomous finance, is pleased to
announce a new Fynapse contract win with a global leader in mobile parking
payments. The five-year contract has a Total Contract Value of $1.0m, adding
to the Group's growing base of Annual Recurring Revenue ('ARR'). The contract
was secured following an accelerated sales cycle in less than 3 months.

Fynapse, Aptitude's intelligent finance data management and accounting
platform, was selected following a competitive tender process.  Fynapse stood
out due to its unique ability to provide a single view of highly granular,
real-time controlled and trusted data, which the customer views as the first
step to their wider AI strategy.  With built-in AI, accounting rules, and
subledger capabilities along with market leading speed and scale, Fynapse will
enable the customer to process high transaction volumes   and provide
finance-accurate data in real time to power business growth in a
cost-effective way. The customer's incumbent technology providers and other
vendor data platforms were unable to meet their requirements.

This new win, a Tier 2 business based on revenue and a leader in mobile
parking payments, highlights the value of Fynapse to businesses of different
sizes and industries, and speed of sales cycle for Tier 2 organisations.

Alex Curran, Chief Executive Officer commented: "We are delighted to announce
this contract win. It is exciting to be supporting a high growth technology
organisation and underpinning their AI strategy. As our reach and sales
ability is further complemented by our partner focused strategy, we expect to
add more clients of this type and further demonstrate the benefits Fynapse is
quickly able to bring clients. With momentum in our Fynapse pipeline
continuing to build across our target markets and with shortened sales cycles
due to its straightforward implementation, we are confident in our ability to
reach our ARR growth ambitions."

 

 Aptitude Software Group plc                                 020-3687-3200
 Alex Curran, Chief Executive Officer

 Ivan Martin, Chairman

 Canaccord Genuity Limited                                   020-7523-8000
 Simon Bridges / Andrew Potts

 Alma Strategic Communications
 Caroline Forde / Hilary Buchanan                            020-3405-0205

 

About Aptitude Software

Aptitude Software provides software solutions that deliver fully autonomous
finance to enable its clients to drive growth, efficiency and sustainability.
Fynapse is Aptitude's intelligent finance data management and accounting
platform designed to increase productivity and lower costs for finance teams
globally. Fynapse provides a single view of finance and business data,
unparalleled performance and automation, faster and better insights,
user-friendly functionality and market-leading total cost of ownership.

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