REG - Tribal Group PLC - Contract Wins <Origin Href="QuoteRef">TRBG.L</Origin>

TribalAnnouncement

21/08/2017 07:05

RNS Number : 4734O
Tribal Group PLC
21 August 2017
21 August 2017
Tribal Group plc
("Tribal" or "the Group")
Contract Wins
Tribal, a leading provider of software and services to the international education markets, is pleased to announce two contracts with a total value of 25.3 million.
Tribal has been awarded a contract by the Abu Dhabi Education Council (ADEC) for the inspection of schools in Abu Dhabi. The contract expands Tribal's schools' inspection business in the UAE and makes Tribal the sole supplier of school reviews in Abu Dhabi. The revenue from the contract is worth 8.5m over two years.
The Group has also been awarded a contract by the Callista Senior Executive Group (CSEG) to extend its support and development of the Callista product for higher education customers in Australia. The revenue from the contract is worth AUD$27.5m (16.8m) over four years.
Peter Marshall, Chair of CSEG, commented:
"On behalf of CSEG universities I am delighted to reaffirm our existing partnership with Tribal for a further minimum period of four years, which will enable the continued development and support of the Callista Student Management System."
The revenues from both contracts had already been factored into the business plan for 2017 and beyond.
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For further information please contact:
Tribal Group plc
Tel: 0117 311 5293
Ian Bowles, Chief Executive
Mark Pickett, Chief Financial Officer
Weber Shandwick Financial
Tel: 020 7067 0700
Nick Oborne
Tom Jenkins
Investec Bank plc
Tel: 020 7597 5970
Rowena Murray
Sara Hale
Daniel Adams
N+1 Singer Capital Markets Limited
Tel: 0207 496 3000
Shaun Dobson

This information is provided by RNS
The company news service from the London Stock Exchange
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