REG - Netcall PLC - $19m Contract Win

NetcallAnnouncement

10/06/2022 07:00

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RNS Number : 3953O  Netcall PLC  10 June 2022

10 June 2022

 

NETCALL PLC

("Netcall", the "Company", or the "Group")

 

$19m Contract Win

International financial services customer selects Liberty platform for global
application roll-out

 

Netcall plc (AIM: NET), the leading provider of intelligent automation and
customer engagement software, is delighted to announce that it has signed a
significant multi-year contract for the Liberty platform with a S&P 500
international financial services firm with operations spanning 120 countries.

 

The revenue for the initial three-year cloud subscription period is $19m and
is expected to generate similar margins to Netcall's overall group margin,
thereby providing a significant contribution to the Group's revenue and
profit. As a result, the Board now expects adjusted EBITDA for FY23 to be
significantly ahead of its previous expectations.

 

The customer has selected Liberty Create, Netcall's low-code offering, and
Liberty RPA to build and deploy powerful business applications across its
global operations, with a view to delivering better outcomes for customers and
other stakeholders. The contract win follows a global framework agreement
announced on 9 August 2021 and the initial applications going live in North
America and Europe.

 

Henrik Bang, Chief Executive, said: "This landmark contract demonstrates the
quality of the Liberty platform and its ability to support the world's largest
companies in their digital transformation efforts.  Having successfully
deployed initial applications in North America and Europe, the customer will
now use Liberty low-code and RPA across its global operations. As well as
providing a significant increase in revenue and profits to the Group, the
contract further strengthens Netcall's presence in the financial services
industry, marking another step forward in the evolution of the Company."

 

Enquiries:

 

 Netcall plc                                         Tel. +44 (0) 330 333 6100
 Henrik Bang, CEO

 Michael Jackson, Chairman

 James Ormondroyd, Group Finance Director

 Canaccord Genuity Limited (Nominated Adviser and    Tel. +44 (0) 20 7523 8000
 Broker)
 Simon Bridges/ Andrew Potts

 Alma PR                                             Tel. +44 (0) 20 3405 0205
 Caroline Forde / Hilary Buchanan / Matthew Young

 

About Netcall:

Netcall's Liberty software platform with Intelligent Automation and Customer
Engagement solutions helps organisations digitally transform their businesses
faster and more efficiently, empowering them to create a leaner, more
customer-centric organisation.

 

Netcall's customers span enterprise, healthcare and government sectors. These
include two-thirds of the NHS Acute Health Trusts and leading corporates
including Legal and General, Lloyds Banking Group, Aon and Nationwide Building
Society.

 

For further information, please go to www.netcall.com (http://www.netcall.com)
.

 

 

Prior to publication the information communicated in this announcement was
deemed by the Company to constitute inside information for the purposes of
article 7 of the Market Abuse Regulations (EU) No 596/2014 as amended by
regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations No
2019/310 ('MAR'). With the publication of this announcement, this information
is now considered to be in the public domain.

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