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Rosslyn Data Technologies PLC

Rosslyn Data clinches three contracts worth over £500,000

The 'big data' technology firm said the contracts also included options to extend beyond the initial terms and add additional service capabilities

Contract signing
Rosslyn said it intended to complete initial implementation of the projects in less than eight weeks

Rosslyn Data Technologies PLC (LON:RDT) has won three contracts for its supply chain analytics solutions carrying a combined value of over £500,000.

The 'big data' technology firm said the contracts also included options to extend beyond the initial terms and add additional service capabilities.

READ: Rosslyn Data lifted as interim losses narrow, boosted by increase in contract values

The new clients were “well known in their specialist markets” Rosslyn said, adding that it intended to complete the initial implementation of the projects in less than eight weeks, which included providing complete data analytics enrichment, aggregation and a dashboarding service.

Roger Bullen, chief executive of Rosslyn, said the wins demonstrated “continued demand for our data services” in the supply chain and procurement data analytics market, adding that the wins “underpin the progress we are making in increasing our average annual contract value, which continues to grow, and lifts our [annual recurring revenue] to over £6mln”.

In early trading Monday, Rosslyn shares were up 1.4% at 7.2p.

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Quick facts: Rosslyn Data Technologies PLC

Price: £0.07

Market: AIM
Market Cap: £13.6 m
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