REG - Celebrus Tech - Contract Update

Celebrus TechnologiesAnnouncement

08/01/2024 07:00

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RNS Number : 8579Y  Celebrus Technologies PLC  08 January 2024

 

Celebrus Technologies plc

 

Contract update

 

8 January 2024

 

 

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed
data solutions provider, is pleased to announce several software contract wins
made during the financial quarter to 31 December 2023. These wins demonstrate
the appeal of the Celebrus platform across a range of industry sectors, as
well as illustrating the deepening relationships with existing customers who
recognise the importance of our new features and differentiators.

 

The first win is a three-year deal with a new customer; a leading European
retailer of experience gifts. They will use the product in our own hosted
service, Celebrus Cloud, to help drive better engagement with customers, build
compliant marketing profiles about those customers, and ultimately deliver
better customer experiences. This was a deal closed by our direct sales
channel and further illustrates the importance of direct sales in building a
diverse pipeline and customer base across various industry sectors.

 

The second win is an existing global top 10 banking customer, which has
renewed its multi-million dollar annual license for a further three years,
incorporating an uplift in Celebrus session volumes and increasing ARR to the
Group by 19% from the original contract. This increase has also included new
features such as Cross-Domain Continuance, CX Vault, and our Tableau Workbook.
This was a deal driven by our investment in Customer Success, and shows how
our continued investment into product development shows a return on investment
for customers and the Group.

 

The third win is a UK bank which has been using a light, bespoke version of
Celebrus that is no longer supported. The bank has signed a three-year
multi-million dollar contract for the full Celebrus platform to use its full
functionality across both web and mobile for digital identity verification and
personalisation. This was a deal driven by our investment in Customer Success,
and by delivering a strong customer experience.

 

The fourth win is a new customer in the US healthcare sector, also closed by
our direct sales channel. The three-year contract also incorporates hosting in
Celebrus Cloud, and further establishes Celebrus in this sector. This customer
will leverage the Celebrus data model to create a digital patient data
identity that is compliant with local regulations and allows for better
experiences as patients navigate the digital platforms offered by this
provider.

 

These wins, along with the new US banking customer referenced in the Half Year
results announcement in November, illustrate the returns from the Group's
ongoing investment into product development, customer success and a direct
sales channel, and reinforce the Board's confidence in both achieving full
year market expectations* and continuing to drive growth in ARR, with
customers across a wide range of industry sectors.

 

 

 

Bill Bruno, Chief Executive Officer commented:

 

"We've talked quite a bit about change, investment, and our new approach to
the business in a very short period of time. The team has worked diligently on
our new vision, and we are thrilled to see these wins getting over the line.
I'm extremely proud of what the team has accomplished and look forward to more
of the same as we continue to drive this business forward in our mission to
improve the relationships between brands and consumers via better data."

 

 

(*) For the purpose of this announcement, the Group believes market consensus
for FY24 to be revenue of £32.1m, and adjusted profit before tax of £5.4m.

 

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

 Celebrus Technologies plc                         +44 (0) 1932 893333

 Bill Bruno, Chief Executive Officer               investors@celebrus.com (mailto:investors@celebrus.com)

 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, contextualises, 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 capacity.

 

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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