Press noticing RNS16 Jan 2017 13:43
Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, is pleased to announce that it has secured two significant new contracts; a ten year contract with Clúid Housing Association (“Clúid“) in Ireland and a five year contract with Arcon Housing Association (“Arcon”) in Manchester with a combined value of £1.8 million (the “Contracts”).
The Contracts are the second and third Housing Management system wins since the Company’s acquisition of Kypera Holdings Limited in January 2016 and are testament to the Company’s strategy of providing a leading range of software solutions to the social housing sector, which is expected to grow significantly over the coming years to meet ever increasing housing demands.
The Contracts also include other products from Castleton’s range of software products, with Clúid being the first customer to take the complete suite of software products, demonstrating the success of the Group’s cross-selling strategy and proposition of being a “one stop shop” serving the social housing sector.
Dean Dickinson, CEO of Castleton, said: ‘These new contracts, in particular the one with Clúid, which is our first customer to take the full suite of our products, are proof of our business model. This, combined with a healthy pipeline, means that we are well positioned to maintain our growth whilst increasing profitability by providing more of our customers with our broader range of complementary products and services.‘
Anne Southern, Finance Director of Arcon said “Adopting the Castleton integrated suite of products means we can interact more efficiently with our customers, which will reduce cost and improve our service to them. The Housing and Agile Products in particular will also allow us to reshape how we deliver our front-line services to our customers, giving them the option to choose which device they use to communicate with us. As we embed these systems more deeply into the Arcon way of working, I have no doubt our customers will feel significant benefits. We look forward to our future partnership with the Castleton team who impressed us from the very beginning with their professionalism and commitment to working with us.“
http://military-technologies.net/2017/01/16/contract-wins/