New Order for Gemstone AX Product

RNS Number : 7864K

K3 Business Technology Group PLC

02 August 2013

 



AIM: KBT

K3 Business Technology Group plc

("K3" or "the Group")

New order for Gemstone AX product

K3, which provides and supports Enterprise Resource Planning software, hosting and managed services to the supply chain industry, is pleased to announce that it has secured the first phase of a new order for its Microsoft-based 'Gemstone' AX product with a major UK garden centre chain.  The full value of the order if fully implemented is c. £2m. 

This order is the fourth such 'first phase' order for Gemstone AX which K3 has secured over the last two months or so and the full potential value of these four new wins  totals c. £8m, if fully implemented. 

K3 now is gaining a widening base of blue chip retail customers able to act as reference sites for its Gemstone AX product. This alongside signs of greater willingness on the part of retailers to invest in technology, particularly around online sales, stands K3 in good stead as it completes its investment in Gemstone AX, enhancing the Microsoft technology with its own intellectual property to establish it as a leading solution for the retail and wholesale markets.

Andy Makeham, chief executive, of K3, commented,

"We are seeing encouraging signs of an improvement in retail technology spend, although customers are typically choosing to spend in stages, and some high profile retail name have selected our new Gemstone AX solution in recent months. This latest order win with a national garden centre chain is further evidence of the uptick in retail technology spending and increasing traction for our new solution, which we are enriching with our own IP to give it a dominant market position in the retail and wholesale sectors." 

Enquiries:

K3 Business Technology		Andy Makeham, Chief Executive		T: 0161 876 4498
Group plc		David Bolton, Chief Finance Officer
finnCap Limited (NOMAD & Broker)		Stuart Andrews /Henrik Persson		T: 020 7220 0500
Biddicks		Katie Tzouliadis		T: 020 3178 6378

 

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