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Big Sofa Tech. Grp. (BST)

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Friday 04 October, 2019

Big Sofa Tech. Grp.

Ipsos: new minimum purchase agreement of $300,000

RNS Number : 7422O
Big Sofa Technologies Group PLC
04 October 2019
 

04 October 2019

 

Big Sofa Technologies Group plc

("Big Sofa Technologies" or the "Company")

 

Ipsos: new minimum purchase agreement of $300,000

 

Big Sofa Technologies (AIM:BST), an international video analytics provider to the consumer insight industry, announces a new agreement with two divisions of Ipsos  for an annual minimum purchase commitment totalling $300,000. 

 

This initial 12-month minimum purchase commitment will grant the Ipsos companies access to Big Sofa Technologies' proprietary platform and core technical services on a fully integrated basis.

 

This initial commercial commitment represents a milestone in the growth of the relationship with Ipsos which commenced in 2017 and developed further in 2018 when Ipsos became a significant shareholder in Big Sofa Technologies. It also marks ongoing progress against the strategic goal of closer integration.

 

 

Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies, commented:

 

"This minimum purchase agreement deepens a mutually beneficial partnership. Strengthening our integration with Ipsos is part of Big Sofa Technologies' strategic roadmap which includes the launch of jointly developed products and embedding Big Sofa Technologies in Ipsos' workflows and processes. I look forward to this relationship going from strength to strength."

 

 Enquiries:

 

Big Sofa Technologies Group plc

+44 (0)20 7357 0033

Kirsty Fuller, CEO


Joe MacCarthy, CFO




Arden Partners plc (Nominated Adviser and Joint Broker)

+44 (0)20 7614 5900

Paul Shackleton / Ben Cryer

Tim Dainton (Head of Distribution)




Novum Securities (Joint Broker)

+44 (0)20 7399 9427

Colin Rowbury




About Big Sofa Technologies Group plc

 

Big Sofa Technologies is an insight-led technology company. The design and development of our technology has been guided by expert understanding of the insight and analytics industries and the needs, pressures and business questions of the clients they serve.

 

We uncover and analyse new-to-the-industry behavioural data sets in video, enabled by the power of our pioneering data capture and platform technology. We are innovating both in how video-led projects and programmes are designed and in how the data is analysed, showcased, embedded and re-mined.

 

Our software platform collates, analyses and organises large volumes of raw/unstructured video enabling our clients, which include leading market research and data companies and major household brands, to perform detailed and sophisticated consumer insight analysis and make genuine use of video content.

 

Big Sofa Technologies' shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.

 

To find out more, visit www.bigsofatech.com

 

Follow us on twitter at @bigsofatech


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