REG - Crimson Tide PLC - Contract Win

Crimson TideAnnouncement

18/03/2021 07:00

RNS Number : 6310S
  
Crimson Tide PLC
  
18 March 2021
  
 

18 March 2021
Crimson Tide Plc
("Crimson Tide" or "the Company")
Significant Contract Win
 
Crimson Tide Plc (TIDE) is pleased to announce a significant contract win with Compass Group, a global leader in food services. Compass Group provides food services and support services across five market sectors to a wide range of customers in the Private and Public Sectors. The client will be utilising mpro5 to ensure compliance across a broad range of customer and legislative requirements in the UK including brand standards, service quality, health and safety and food safety/allergen controls.
Data visualisation via custom built Microsoft Power BI dashboards, will provide invaluable real-time insights for Compass Group and empower the business to make more informed decisions in their operations.
The subscription contract is for a minimum 36-month period and the total contract value exceeds £1.2million.  The contract represents a significant increase in the scale of mpro5 usage by this client (approximately £1.1million of the total value) as well as consolidating a number of smaller existing arrangements into its scope.
Barrie Whipp, Chairman, commented: "Whilst we have maintained a diverse range of smaller contracts with Compass Group for some time, this contract, to ensure compliance across its food services, is a significant demonstration of the ability of mpro5 to cover a wide range of processes and the Company's ability to broaden its reach within existing customers and enhance value over time."
 
For further information:
Crimson Tide plc
Barrie Whipp / Luke Jeffrey                                                          01892 542 444
finnCap (Nominated Adviser and Broker)
Corporate Finance: Julian Blunt / James Thompson                +44 20 7220 0500
Corporate Broking: Andrew Burdis
Alma PR (Financial PR)
Josh Royston                                                                                    +44 7780 901979
 
For further information on Crimson Tide plc, see the website at: www.crimsontide.co.uk
 

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