03:00 Wed 05 Aug 2015
Rosslyn Data Tech. - Contract Wins
("Rosslyn", the "Company" or the "Group")
Contract Wins
The contract is with a large global enterprise in the Fortune 500. This enterprise has chosen the RAPid Big Data cloud analytics platform to replace an incumbent analytics solution to support an increasing need to include analytics, as a value-add layer, to its existing services for the enterprise's largest clients across several industry verticals. Over the next few months, Rosslyn will be working closely with this new partner to develop and deploy four instances of an application that will enable the analysis of operational data, providing insight into business critical Service Level Agreements between the partner and their clients.
Upon completion of the first phase of the contract, it is anticipated that several further projects will be initiated and this will continue in line with the client's expanding business needs. The initial four deployments are expected to be expanded to enable the partner and their clients to have greater access and vision into the breadth of their data which, Rosslyn believes, is currently underutilized.
This contract represents a multi-year engagement with the first 4 deployments having a contract value of approximately
"This is an excellent step forward for the team and our technology. Our partner's decision to switch from an existing platform, that is so vital to their operations and service delivery, is a credible achievement for Rosslyn and is a significant step towards demonstrating the scalability and broad applicability of our platform and the technologies that our team has developed. It further evidences that cloud analytics is moving from the peripheral to the centre ground where we will increasingly compete for large projects which were once the protected domain of the traditional on-premise players. Rosslyn is well placed to play a significant part in this shift in technology adoption and establish RAPid platform as a mainstream enterprise analytics platform."
Elsewhere the firm continues to make good progress since the year end in April winning a good number of new clients whilst we are pleased to see the expansion revenue in existing clients increase in line with our plans.
The most notable new client wins have been 2 in the
Enquiries:
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+44(0)20 7138 3204 |
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Blytheweigh - Financial PR |
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+44(0)20 7138 3205 +44(0) 7816 924 626
+44 (0)203 814 8312 +44 (0) 759 590 8886
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+44(0)20 7138 3553 +44(0) 7989 394 027 |
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Cenkos Securities - Nominated Adviser, Broker |
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+44(0)20 7397 8926 |
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