REG - Rosslyn Data Tech. - Rosslyn wins two new contracts

Rosslyn Data TechnologiesAnnouncement

30/05/2023 07:15

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RNS Number : 8963A  Rosslyn Data Technologies PLC  30 May 2023

30 May 2023

 

Rosslyn Data Technologies plc

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

 

Rosslyn wins two new contracts

 Rosslyn platform adopted by leading European med-tech company and UK rail
operator

 

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data
analytics platform, is pleased to announce that it has secured two new
contracts worth £422k in aggregate over a multi-year period and equating to
an additional £120k in annual recurring revenue.

 

The first contract, which was awarded to Rosslyn under a competitive tender,
is from a blue-chip European med-tech company which sells its products via its
9,000+ shops and outlets in over 20 countries. The customer is adopting a
procurement and spend analytics platform as it seeks to increase efficiency
and reduce costs across its supply chain.

 

The second contract is with an international consultancy that provides
services and solutions to the transport industry and is utilising the Rosslyn
platform on behalf of a UK train operating company.

 

Both contracts, which are for the provision of the Rosslyn procurement and
spend analytics platform, represent the conversion of pipeline stemming from
the end of the 2023 financial year.

 

Paul Watts, CEO of Rosslyn Data Technologies, said:

 

"We are pleased to have won these two contracts - and less than a month into
our new financial year. They represent the conversion of some of the pipeline
that we were near to closing at the end of last year. To have secured another
multi-billion-euro customer under a highly competitive pitch is a great
endorsement. It also reflects the trend of companies increasingly adopting
technology like ours to reduce risk and enhance efficiency in the supply
chain. We look forward to delivering value for our new customers and to
building long-term relationships with them as well as to expanding our
customer base as we continue to receive growing interest in our platform and
convert our existing pipeline."

 

 

Enquiries

 

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

 James Appleby, Chairman

 Cenkos Securities (Nominated adviser and Broker)
 Stephen Keys/Camilla Hume                                                               +44 (0)20 7397 8900

 Gracechurch Group (Financial PR)
 Harry Chathli/Claire Norbury                                                            +44 (0)20 4582 3500

 

About Rosslyn Data Technologies plc

 

Rosslyn (AIM: RDT) provides an award-winning spend analytics 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/)

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