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Rosslyn Data Technologies PLC - Portsmouth, England-based data management and analytics service provider - Wins first enterprise customer through partnership with indirect procurement service provider Chain IQ Group AG. Says initial contract is "of relatively small monetary value" but expects further contracts to come from partnership. "Under the terms of the new five-year contract, Rosslyn will provide its proprietary procurement analytics platform to the international arm of a tier 1 Japanese bank. The board considers this contract to be strategically important to the group and a validation of its strategy to focus on a partner-led approach," it adds. Chief Executive Paul Watts says deal highlights value of partnership with Chain IQ.
Current stock price: 2.36 pence, up 12% on Monday
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By Paul McGowan; paulmcgowan@alliancenews.com
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