REG - Celebrus Tech - AGM Trading Update and Contract Win

Celebrus TechnologiesAnnouncement

08/08/2024 07:00

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RNS Number : 6152Z  Celebrus Technologies PLC  08 August 2024

08 August 2024

 

Celebrus Technologies plc

 

AGM trading update and Contract win

Recent contract progress adding to confidence in FY25 and beyond

 

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the data
solutions provider, announces that at the Company's AGM at 9.00 am today, the
Chairman will confirm the Group has a growing pipeline across a range of end
markets and is highly confident in the Group's strategy to deliver growth and
create significant shareholder value in the coming years. Underpinning this
has been the positive momentum the Company has been achieving with existing
and new customers, and it is pleasing to report a recent contract win with a
new customer and an upsell to an existing customer, both in the leisure and
travel sector, contributing in aggregate approximately £0.7m in ARR.

The new customer win is a three-year Celebrus Platform contract with a leading
global airline which adds to the Group's presence in the travel and leisure
sector. The airline will initially use the platform to provide more clarity in
the booking process across all digital devices. The solution will be hosted
and managed in Celebrus Cloud.

The new win follows an upsell earlier in the financial year to an existing
airline customer which added real-time, cross-brand personalisation and mobile
data to its Celebrus platform functionality. This is largely in use on the
Loyalty side of the business to build better relationships with existing
customers.

 

Bill Bruno, Chief Executive Officer commented:

 

"Our decision to organize our go-to-market approach into industry sector
verticals allows the team to be more effective and focused. We continue to
build expertise in our respective verticals and to recognize industry "pain
points" allowing us to highlight how we quickly deliver unique value.
 These changes, and associated wins, reflect that our strategy of
simplification in our messaging, sales cycles, and processes continues to
deliver good value to our business, our shareholders, and our customers."

 

 

Inside Information: This announcement contains inside information for the
purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
Upon the publication of this announcement via Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

 Enquiries                                         +44 (0) 1932 893333

                                                   investors@celebrus.com (mailto:investors@celebrus.com)

 Celebrus Technologies plc

 Bill Bruno, Chief Executive Officer

 Ash Mehta, Chief Financial Officer

 Cavendish (Nominated Adviser & Joint Broker)      +44 (0) 20 7220 0500

 Julian Blunt / Edward Whiley, Corporate Finance

 Tim Redfern, Corporate Broking

 Canaccord Genuity (Joint Broker)                  +44 (0) 20 7523 8000

 Simon Bridges / Andrew Potts

 

About Celebrus Technologies plc

 

As a disruptive data technology platform, Celebrus is focused on improving the
relationships between brands and consumers via better data. Celebrus redefines
what digital identity verification means to power both next-level marketing
and fraud prevention use cases. Deployed across 30+ countries throughout the
financial services, healthcare, retail, travel, and telecommunications
sectors, Celebrus automatically captures, contextualizes, and activates
consumer behavioral data in live-time across all digital channels. Through the
addition of behavioral biometrics and AI, Celebrus empowers brands to detect
and prevent fraud before it occurs. To ensure that brands can begin to improve
those relationships quickly, Celebrus Cloud activates the Celebrus platform
efficiently for brands in a single-tenant, private cloud implementation.

 

The Group has offices in the UK, USA, and India with key talent in all markets
to drive the growth of the business. Celebrus is fully compliant with all
major data privacy regulations and the Group is accredited to ISO27001:
Information Security Management.

 

For more information, please see www.celebrus.com (http://www.celebrus.com) .

 

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