REG - Eagle Eye Solutions - Multi-year global OEM agreement

Eagle Eye SolutionsAnnouncement

13/01/2025 07:00

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RNS Number : 0553T  Eagle Eye Solutions Group PLC  13 January 2025

13 January 2025

Eagle Eye Solutions Group PLC

("Eagle Eye" or the "Company")

 

Eagle Eye announces multi-year global OEM agreement with one of the world's
largest enterprise software vendors

 

Eagle Eye's AIR platform to be embedded within the vendor's next-generation
loyalty solution

Opportunity for significant contribution to ARR from the multi-year deal once
solution is live

 

Eagle Eye, a leading SaaS and AI technology company that creates digital
connections enabling personalised, real-time marketing at scale, has signed a
five-year global original equipment manufacturer (OEM) agreement with a major
multinational enterprise software vendor. Under the agreement, features of
Eagle Eye's AIR platform will integrate with the vendor's new cloud-based
loyalty solution, launching in 2025, with the first customers expected to be
live in early 2026.

 

This is the first OEM agreement secured by Eagle Eye and represents a
significant global expansion opportunity for the Group, providing entry into
new sectors and geographies. Once the product is live, the agreement provides
the opportunity for significant contribution to Eagle Eye's Annual Recurring
Revenue over time, with a minimum three-year commitment commencing in the
current year.

 

Designed to meet the needs of the world's largest brands across diverse
sectors, the loyalty solution will have key features of the Eagle Eye AIR
platform embedded into it, including its highly flexible and scalable
Omnichannel Promotions, Real-Time Loyalty and Cloud-based Basket Adjudication
services, enabling enterprise customers to quickly launch sophisticated,
omnichannel, real-time loyalty offerings, at scale.

 

Tim Mason, CEO of Eagle Eye, said: "Being selected by one of the world's
largest enterprise software vendors for this multi-year, global agreement
underlines our leading position in enterprise-grade, personalised, real-time
loyalty at scale. We are excited by the opportunity to support further major
brands in their loyalty programmes, accelerating our entrance into new sectors
and geographies."

 

This announcement contains inside information for the purposes of article 7 of
the Market Abuse Regulation (EU) 596/2014 which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. The person responsible for arranging
release of this announcement on behalf of Eagle Eye is Lucy Sharman-Munday,
Chief Financial Officer.

Enquiries:

 Eagle Eye Solutions Group plc                               Tel: 0844 824 3686
 Tim Mason, Chief Executive Officer
 Lucy Sharman-Munday, Chief Financial Officer

 Investec Bank plc (Nominated Adviser and Joint Broker)      Tel: +44 20 7597 5970
 David Anderson / Nick Prowting / James Smith

 Shore Capital (Joint Broker)                                Tel: +44 20 7408 4090
 Corporate Advisory: Daniel Bush, David Coaten, Lucy Bowden
 Corporate Broking: Henry Willcocks

 Alma Strategic Communications                               Tel: +44 20 3405 0205
 Caroline Forde, Hannah Campbell, Kinvara Verdon

 

About Eagle Eye

Eagle Eye is a leading SaaS and AI technology company enabling retail, travel
and hospitality brands to earn the loyalty of their end customers by powering
their real-time, omnichannel and personalised consumer marketing activities,
at scale.

 

Eagle Eye AIR is a cloud-based platform, which provides the most flexible and
scalable loyalty and promotions capability in the world. More than 1 billion
personalised offers are executed via the platform every week, and it currently
hosts over 500 million loyalty member wallets for businesses all over the
world. Eagle Eye is a certified member of the MACH Alliance and is trusted to
deliver a secure service at hundreds of thousands of physical POS destinations
worldwide, enabling the real-time issuance and redemption of promotional
coupons, loyalty offers, gift cards, subscription benefits and more.

 

The Eagle Eye AIR platform is currently powering loyalty and customer
engagement solutions for enterprise businesses all over the world, including
Asda, Tesco, Morrisons, Waitrose and John Lewis & Partners, JD Sports,
Pret a Manger, Loblaws, Southeastern Grocers, Giant Eagle, and the Woolworths
Group. In January 2024, Eagle Eye launched EagleAI, a next-generation data
science solution for personalisation, already being used by leading retailers
worldwide including Carrefour, Auchan and Pattison Food Group. Web -
www.eagleeye.com (http://www.eagleeye.com)

 

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