REG - Rosslyn Data Tech. - Contract renewals worth $1.5m

Rosslyn Data TechnologiesAnnouncement

23/04/2026 07:00

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RNS Number : 5593B  Rosslyn Data Technologies PLC  23 April 2026

23 April 2026

 

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

 

Contract renewals worth $1.5m

Two contract extensions and a service expansion with AICE adoption

 

Rosslyn (AIM: RDT), the provider of a leading cloud-based spend intelligence
platform, is pleased to announce that it has secured contract renewals with
two of its long-standing customers, which are worth a total of $1.5m over a
three-year period:

 

·    A multinational medical devices and healthcare company headquartered
in the US has signed a three-year renewal of its annual licence to utilise the
Rosslyn platform. The customer will also adopt the Company's Artificial
Intelligence Classification Engine ("AICE") tool for the first time as part of
the renewal. The renewed and expanded contract is worth a total of $1.2m over
the three-year period, which includes an uplift in licence fee and the
addition of the AICE module. This represents the fifth customer to
commercially adopt AICE, which uses AI to automate procurement data
categorisation and classification.

·    One of the world's leading media and entertainment companies has
signed a one-year renewal of its annual licence to utilise the Rosslyn
platform for $0.3m.

 

Paul Watts, CEO of Rosslyn, said: "We are pleased to have extended our
relationship with these two long-standing customers and also to see further
uptake of AICE as the commercial momentum with our AI solution continues to
grow. With both customers being substantial global organisations with over
$20bn in annual spend under management, securing these contracts is testament
to the strength of our platform and our ability to generate value for complex
enterprises. In addition, these contracts, combined with the completion of our
recent fundraising, put us in a positive position as we approach our new
financial year."

 

This announcement contains inside information as stipulated under the Market
Abuse Regulations (UK MAR).

 

Enquiries

 

 Rosslyn
 Paul Watts, Chief Executive Officer                                                     +44 (0)20 3285 8008

 James Appleby, Chairman

 Cavendish Capital Markets Limited (Nominated adviser and Broker)
 Stephen Keys/George Lawson                                                              +44 (0)20 7220 0500

 Gracechurch Group (Financial PR)
 Claire Norbury/Anysia Virdi                                                             ++44 (0)20 4582 3500

 

 

About Rosslyn

 

Rosslyn (AIM: RDT) provides an award-winning spend intelligence and predictive
analytics platform. The Rosslyn Platform helps organizations with diverse
supply chains mitigate risk and make informed strategic decisions. It
leverages automated workflows, artificial intelligence and machine learning to
extract and consolidate procurement data providing visibility of complex
supplier data, enabling supplier spend savings and delivering rapid ROI. For
more information visit www.rosslyn.ai (http://www.rosslyn.ai) . Investors
wishing to contact the Company should email investors@rosslyn.ai.

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