Trading Statement

RNS Number : 1036J

Rosslyn Data Technologies PLC

09 June 2014

 



Date:	9 June 2014
On behalf of:	Rosslyn Data Technologies plc ('Rosslyn', the 'Company' or the 'Group')

Rosslyn Data Technologies plc

("Rosslyn", the "Company" or the "Group")

Trading Update

Rosslyn Data Technologies Group (AIM: RDT), a leading provider of a cloud-based enterprise data analytics platform, is pleased to announce that it has continued to make strong progress since its Admission on 29 April this year and, as anticipated, the enhanced profile of Rosslyn as a public company has assisted in winning new business. Following the Admission, the Company has signed significant new contracts with a number of new, and existing, customers, which the Directors expect will help underpin continued growth.

Since the Admission, Rosslyn has signed up six new customers including: Ceva Logistics, a world leading logistics supplier; Electrocomponents, a global electrical components distributor and one of the world's largest bottler service providers. The Group won a notable new partnership customer, Biy Cloud, a growing online reseller platform in Spain. Two new projects have been secured with existing multinational customers, underpinning the Group's stated strategy of "land and expand".

As per the strategy detailed during the Admission, to strengthen its platform for growth, the Group has made  significant investment into its sales, marketing and client relationship teams in the UK, US and Europe and senior new management hires have been made with the appointment  of Lance Mercereau as Chief Marketing Officer and Paul Cook as Vice President Global Sales.  These senior hires have enhanced the Group's sales force and branding efforts and are enabling the Company to pursue a more aggressive sales and marketing strategy in key territories.

The Board confirms that results for the year ended 30 April 2014 are in line with management expectations and that the Group expects to announce final results for the year ended 30 April 2014 during the first half of August 2014.

Charles Clark, CEO of Rosslyn commented:

"The growth we have achieved since the IPO demonstrates that Rosslyn is taking advantage of the major opportunity in the cloud data analytics market.  Following our successful IPO, we are delivering what we promised our new shareholders, and we are excited and confident about the future."

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For further information regarding Rosslyn Data Technologies Group, please call:

Rosslyn Data Technologies Group                                            c/o Redleaf Polhill

Charles Clark, Chief Executive Officer                                    [phone]

Francis Reid, Chief Financial Officer                                       [e-mail]

Redleaf Polhill - PR Advisor                                                       [phone]

Rebecca Sanders-Hewitt / Dwight Burden / Jenny Bahr

Cenkos Securities - Nominated Advisor, Broker               [phone]

Stephen Keys / Camilla Hume

Notes to Editors

Rosslyn Data Technologies, (AIM: RDT), a leading provider of a Cloud-based enterprise data analytics platform, was founded in 2005 by Charles Clark and Hugh Cox. Business Intelligence was ranked first in the top ten technology priorities for Chief Information Officers in 2012 by Gartner. The Company provides analytical services by combining four key technologies: data extraction; cleansing; enrichment; and visualisation, through a single cloud platform enabling users with detailed data to make more informed decisions. Rosslyn's RAPid platform is the Group's primary product available to its multinational customers, including Aberdeen Asset Management plc, Babcock Corporate Services plc, Xerox Business Services and Coca-Cola Enterprises, Inc. Rosslyn Data Technologies plc is the ultimate holding company of the Group and owns 100 per cent. of Rosslyn Analytics Limited.

 Further information can also be found on the Company's website at: http://www.rosslynanalytics.com/ or @RosslynBI.

 

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