REG - Cirata PLC - Contract win

CirataAnnouncement

31/03/2025 07:15

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RNS Number : 8191C  Cirata PLC  31 March 2025

31 March 2025

Cirata plc

("Cirata" or the "Company")

$2m Multiyear Data Automation Contract win with leading retailer

Growth contract leveraging enterprise-wide agreement

 

 

Cirata plc (LSE: CRTA) is pleased to announce a $2m, 3 Year contract win with
a leading UK retailer. This growth contract represents an expansion of value
and scope and a deepening strategic relationship with this customer.

 

The retailer plans to leverage the power of hybrid cloud and deploy Cirata
enterprise wide at scale as the standard to make data available for analytics,
GenAI and for the innovation of edge use cases.

 

The enterprise-wide licence agreement enables data automation at petabyte
scale, allowing for migration from multiple sources to multiple targets
(on-premise to and from the cloud).

 

For this innovative customer, Cirata will support the implementation of open
table formats (such as Apache Iceberg) to enable platform interoperability and
avoid vendor lock-in. Apache Iceberg has emerged as a leading standard for an
"open table format," offering a streamlined and scalable framework for
organizing data and metadata. This structure enhances data interoperability
across computing platforms.

 

In addition, this important strategic relationship will provide an environment
for collaboration on future Cirata data orchestration platform
functionality.

 

 

Stephen Kelly, Chief Executive Officer, commented;

"This enterprise-wide licence agreement with one of the world's leading
retailers is a strong endorsement of Cirata's strategy. The ability to
leverage the open table format to avoid vendor lock-in was a critical factor
for the selection of Cirata. This customer is an innovator in data
modernization, and the contract recognizes Cirata as a strategic partner,
driven by their strong alignment with our technology roadmap. Cirata provides
a clear vision for data orchestration within the enterprise.

As we signalled in January, FY25 represents a growth year built on solid
foundations and this customer contract marks another step in the right
direction. The validation from a leading UK retailer is a strong endorsement
that customers are seeking petabyte-scale data automation with the freedom
from vendor lock-in."

 

This announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging the release of this
announcement on behalf of Cirata is Larry Webster, Company Secretary.

For further information, please contact:

 

 Cirata                                            Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ricardo Moura, Chief Financial Officer (Interim)
 Dan Hayes, Investor Relations

 FTI Consulting                                    +44 (0) 20 3727 1137
 Matt Dixon / Kwaku Aning / Usama Ali

 Stifel (Nomad and Joint Broker)                   +44 (0) 20 7710 7600
 Fred Walsh / Brough Ransom / Ben Good

 Panmure Liberum (Joint Broker)                    +44 (0) 20 3100 2000
 Max Jones / John More

 

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