REG - Rosslyn Data Tech. - Two Contract Wins

Rosslyn Data TechnologiesAnnouncement

07/11/2022 07:00

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RNS Number : 4526F  Rosslyn Data Technologies PLC  07 November 2022

7 November 2022

 

Rosslyn Data Technologies plc

("Rosslyn" or the "Company")

 

Two Contract Wins

New multi-year contract wins secured through partnerships

 

Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data
analytics platform, is pleased to announce the signing of two multi-year
contracts, with new blue-chip customers, worth approximately £1 million in
aggregate over five years.

 

The new clients comprise:

 

·    A multinational aerospace engineering company headquartered in the US

·    A global automotive car rental company

 

Both deals were secured through existing partners, underscoring the value of
the Company's partner-led go-to-market approach. One contract was via a
strategic systems integrator and one was via a business process outsourcing
partner.

 

Paul Watts, CEO of Rosslyn, said:

 

"We're pleased to have won these new contracts, which expand our blue-chip
customer base and which were all secured through our partner network. During
the first six months of our FY23 financial year, we have signed a total of
five deals, which represents a strong increase in momentum. With a good
pipeline for the rest of the year, and combined with our recent divestments of
Langdon Systems and Integritie that will significantly reduce our cash burn,
we look to the future with confidence."

 

 

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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