Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that it has won three contracts with a combined value exceeding £0.5 million over the term of the contracts. The contracts are for delivery of procurement and supply chain analytics solutions to more effectively manage costs, compliance and risks.
These latest contract wins add to a growing client list, which already includes some of the world’s largest logistics groups. The contracts include options to extend beyond the initial terms and add additional service capabilities.
These clients are well known in their specialist markets and are now embracing cloud technology solutions to help them improve their operational efficiencies. All three companies are diverse in, geographies, languages as well as a multitude of data repositories and ERP systems. This level of complexity means that the data challenges are extremely high, and Rosslyn’s selection demonstrates the security, trust and compliance standards that organisations have in the RAPid platform. Rosslyn aims to complete the initial implementations of these projects in less than eight weeks, including providing a complete data analytics enrichment, aggregation and dashboarding service.
Our clients are seeking to identify and manage an increasing and varying number of procurement opportunities. Rosslyn’s RAPid platform is designed to provide a strategically important platform for the client, allowing them to bring together data from multiple sources and enabling them to improve data quality, monitor risks, visualise issues and develop their own analytical views and processes to reduce cost and improve efficiency. This compares to the standard fixed traditional reporting and analysis that many of our competitors deliver. RAPid closes the gap between the user and their data and empowers them with easy to use and highly visual analytical functionality, to unlock the value of their data and identify opportunities that otherwise may have remained hidden.
Roger Bullen, said: “I am delighted that Rosslyn has won more high profile clients in an extremely competitive and demanding process. Our focus on the complex supply chain and procurement data analytics market continues to deliver opportunities and these important wins demonstrate the continued demand for our data services in this growing sector. Being selected by these companies validates that our RAPid Analytics Platform is the technology of choice for companies serious about leveraging the value of their data to improve business performance. I believe that these wins underpin the progress we are making in increasing our average annual contract value, which continues to grow, and lifts our ARR to over £6M.”