Eagle Eye wins a multi-year contract with Loblaw

RNS Number : 8672N

Eagle Eye Solutions Group PLC

03 February 2016

 

3 February 2016

Eagle Eye Solutions Group PLC

("Eagle Eye" or the "Company")

Eagle Eye wins a multi-year contract with Loblaw

Eagle Eye, the SaaS technology company that validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries, is delighted to announce that the Company has won a significant contract in Canada with Loblaws Inc. ("Loblaw") for the deployment of its Eagle Eye AIR platform. This contract will contribute material revenue to Eagle Eye over the next few years.

Phill Blundell, Chief Executive Officer of Eagle Eye, commented: "We are thrilled to be selected by Loblaw as their partner for this solution. Winning a third Tier 1 grocer is a major endorsement of the benefits that the Eagle Eye AIR platform delivers. This win represents a significant milestone for our Company as our first significant international client."

Ends

For further information, please contact: Eagle Eye
Phill Blundell, Chief Executive Officer Lucy Sharman-Munday, Chief Financial Officer	Tel: [phone]

Panmure Gordon
Fred Walsh/Fabien Holler/Duncan Monteith, Corporate Finance Charles Leigh-Pemberton, Corporate Broking	Tel: [phone]
Hudson Sandler
Nick Lyon/Alex Brennan	Tel: [phone]
Information on Eagle Eye www.eagleeye.com

About Loblaw

Loblaw Companies Limited is Canada's food and pharmacy leader, the nation's largest retailer, and the majority unitholder of Choice Properties Real Estate Investment Trust. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, banking, and wireless mobile products and services. With more than 2,300 corporate, franchised and Associate-owned locations, Loblaw, its franchisees, and Associate-owners employ approximately 192,000 full and part-time employees, making it one of Canada's largest private sector employers, products and services.

About Eagle Eye

Eagle Eye is a leading SaaS technology company that securely validates and redeems digital promotions in real-time for the grocery, retail and hospitality industries.

The Company's digital marketing platform, Eagle Eye AIR, enables the secure, real-time, multi-channel issuance, management and redemption of digital promotions and rewards, replacing previously used paper-based methods. Our Eagle Eye platform creates a network effect between merchants, distributors and brands enabling stronger connections and value to all parties. Through our four products we enable brands and merchants to reduce cost, improve their customer offer and accelerate their innovation.

The UK promotions market is currently transitioning through substantial change as both retailers and consumers are moving away from paper and plastic to digital. Last year there were in excess of 730 million coupons redeemed in the UK¹, and 16 billion digital coupons redeemed worldwide².

The Eagle Eye AIR platform comprises four key products: Eagle Eye Promote - for the management of offers and promotions, Eagle Eye Gift - for gift cards and customer care, Eagle Eye Reward - for loyalty and reward schemes and Eagle Eye Engage - for digital messaging. These four products enable the Company's customers to deliver targeted promotions, gift vouchers and rewards to consumers in real time, in a simple and secure way, across multiple marketing communications channels including email, SMS messaging and loyalty apps. The promotions can be redeemed securely by the consumer through any enabled point of sale channel.

The Company's current customer base comprises leading names in UK grocery, retail and hospitality including Asda, Greggs, JD Sports, Ladbrokes, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Thomas Pink.

The Group is headquartered in Guildford and has an office in Manchester.

______________ 

¹ Source: Valassis 2014

² Source: Statista 2014

 

END

 

 

CNTUGUCGPUPQGRP