New client win and additional sales prospects
This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance.
Insig AI plc
("Insig AI", the "Company" or the "Group")
New client win and additional sales prospects
Insig AI plc (AIM:INSG), the data science and machine learning solutions company, is pleased to announce it has secured a new client win from a London-based asset manager with assets under management of more than £1 billion.
The client specialises in European credit investments and has entered into a commercial agreement with Insig AI that includes both a licence fee and an annual retainer. Whilst the initial contract is not material from a revenue perspective, both parties have already identified areas across the client's investment process where Insig AI's technology can add value, providing scope for a broader long-term relationship.
This win utilises Insig AI's data infrastructure framework. This is a scalable data solution that provides the basis for asset managers to seamlessly grow their asset base and position them to readily utilise AI tools within their business.
We are also pleased to report that the Company is now generating multiple qualified sales leads that can result in significant new business.
Richard Bernstein, CEO of Insig AI, commented:
"We are delighted to have closed another piece of business with a new client that is harnessing the power of technology to enable it to grow its top line. This win reinforces the relevance of our offering. We are also pleased to report on multiple new sales opportunities."
For further information, please visit www.insig-ai.com or contact:
Insig AI plc
Richard Bernstein, CEO richard.bernstein@insg.ai
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