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(Alliance News) - Restore PLC on Friday said it has signed a GBP22 million contract with the UK's national broadcaster, the BBC.
Restore is a Redhill, England-based document management and IT recycling business.
The contract, which is the "largest" in Restore's history, is worth GBP22 million over ten years. Under the agreement, Restore will manage the UK's national broadcaster's archive of assets.
Restore said that the BBC's archive consists of around 10.2 million assets, taking up 74,000 linear meters of storage in temperature controlled vaults. The assets include of audio, moving images, photographic stills, vinyl, and sheet music collected over the last century.
Restore will build a vault in one its existing facilities and then, throughout 2023, will manage the migration of the assets from an existing BBC facility.
The company explained that part of its Digital & Information Management division will provide long-term storage, manage and retrieval services, whilst part of its Secure Lifecycle Services division will manage the migration project to plan, manage and migrate the collections from the BBC's existing facilities.
Restore said the combination of these two divisions was "instrumental" in winning the contract, as it demonstrates the company's ability to offer a full service data management solution to its customers.
Chief Executive Charles Bligh said: "This contract win demonstrates not only the group's pre-eminent position in the market, bringing large, long-term and essential services to our customers, but also Restore's ability to effectively combine our Digital & Information Management and Secure Lifecycle solutions to offer a compelling proposition to gain the trust of customers like the BBC and win in the market.''
Shares in Restore were up 1.5% to 385.80 pence each in London on Friday morning.
By Sophie Rose; sophierose@alliancenews.com
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