KRM22 plc
(“KRM22”, the “Group” or the “Company”)
New Customer Contract
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, is pleased to announce the signing of a new customer contract for the Risk Manager application.
The contract, with a value of £0.9m split equally over three years, is with a major software vendor in the capital markets industry. This customer is the second software vendor to adopt the Risk Manager application; further highlighting the value of its integrated solutions and the reach of its technology within the capital markets ecosystem.
Since the launch of the Risk Manager application in early 2024, the total value of the Company’s Annual Recurring Revenue (“ARR”) attributable to this application is £3.2m. Of this, £2.8m is attributable to Risk Manager contracts, with the remaining £0.4m from four customers on legacy At-Trade and Post-Trade contracts. Efforts continue to transition these legacy contracts to the Risk Manager application.
Following execution of this contract, and at current GBP:USD exchange rates, the Group’s ARR as at the date of this announcement has increased to £8.4m.
Dan Carter, CEO commented: “This contract win further validates the market opportunity for Risk Manager and demonstrates continued industry demand for KRM22's integrated risk management solutions. The increase in ARR to £8.4m reflects the progress we are making in executing our growth strategy towards creating a cash generative and profitable business.”
For further information please contact:
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KRM22 plc Dan Carter, CEO Kim Suter, CFO
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Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker) Stephen Keys / Isaac Hooper (Corporate Finance) Sunila de Silva (ECM)
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+44 (0)20 7220 0500
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The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' trading and corporate risk challenges and to manage their entire enterprise risk profile.
Capital markets companies partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at KRM22.com