REG - RegTech Open Project - UK Contract win

REGTECH OPEN PROJECTAnnouncement

28/12/2023 07:00

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RNS Number : 9791X  RegTech Open Project PLC  28 December 2023

28 December 2023

 

 

UK Contract win

 

RTOP signs first UK contract with Eram Capital Partners to provide its Open
Orbit Platform technology

 

RegTech Open Project plc ("RTOP" or the "Company") the technology business
specialised in the automation, management, and optimisation of regulatory
compliance operations today announces that it has agreed a major contract with
Eram Capital Partners, a UK based investment holding company, to implement the
Open Orbit Platform (the "Platform") in each of Eram's portfolio companies.
Eram has strategic interests in a diverse array of companies across various
industries including real estate, financial technology, renewable energy, and
natural resources.

 

The contract to supply software and services marks RTOP's first UK customer
for the Platform. Eram's investment in the Platform demonstrates its
commitment to enhancing the operational resilience of its businesses, allowing
it to provide its clients and investors with unparalleled performance and
assurance, utilising RTOP's market-leading technology.

 

The agreement will help Eram to drive substantial efficiencies in each of its
portfolio businesses and enable a comprehensive, proactive approach to
operational resilience. The assurance provided by the Platform will further
enhance Eram's reputation as leader in implementing new technologies and
approaches to enhance its strategic risk management.

 

Through the Platform, Eram and each of its portfolio companies will have
real-time, dynamic command and control during any operational disruption,
including creating and viewing cross-functional and scenario-based continuity
plans, tracking and managing all continuity and recovery activities, and
maintaining visibility and control over the continuous operational resilience
activities. Eram and its portfolio businesses will also benefit from the
dynamic dashboard and reporting capabilities both internally and externally
for customers and auditors.

 

Ian Halliday-Pegg CEO or RTOP said:

 

"We are proud to be executing on our strategy of geographic expansion and
entry into the UK market. Our contract with Eram, as a major UK investor and
strategic operator in key industries with a mature business continuity
capability, demonstrates the attractiveness and strength of RTOP's proposition
and its ability to elevate business continuity to genuine operational
resilience. This will be a flagship implementation in the UK, creating the
opportunity to prove the value of our solutions across these UK industries.

 

EMAD MORRAR, Managing Partner of Eram commented:

 

"To further enhance Eram's position with its investors and the clients of its
portfolio companies, and support the future expansion of our overall business,
our investment in Operational Resilience and the Orbit Open Platform is
fundamental to providing and demonstrating unparalleled resilient services to
all our stakeholders and driving efficiencies across the business. RegTech
Open Project has been able to demonstrate with the Orbit Open Platform, its
ability to meet our stringent demands and deliver capabilities and
efficiencies that are beyond what we could have achieved with only our current
systems."

 

 

Enquiries:

 

 RegTech Open Project plc

 Ian Halliday-Pegg, CEO              c/o Instinctif Partners

 Instinctif Partners (Financial PR)  regtech@instinctif.com

 Guy Scarborough                     +44 (0)79 1717 8920

 Bryn Woodward                       +44 (0)75 0002 7181

 

 

About Eram

 

Eram Capital Partners is a UK based investment holding company, formed in
2013, with its founding partners having had renowned histories and senior
positions in major global investment banks. Eram invests across key industries
including real estate, financial technology, renewable energy, and natural
resources, where Eram has strategic control and operational oversight across
its array of portfolio companies. Eram has a policy of implementing new
technologies and industry best practices at its headquarter operations and in
each of its portfolio compaies. Eram prides itself in being a leader in new
approaches to strategic risk management which resonates positively with Eram's
investors and with the clients of Eram's portfolio businesses. Eram Capital
Partners main office is based in London, with operations in the UK, Europe,
the Middle East, and South America (for further information visit
https://erampartners.com/ (https://erampartners.com/) ).

 

 

 

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