RNS, More solid progress19 Dec 2019 07:13
19 December 2019
Integumen PLC
("Integumen" or "Company")
Integumen signs 3-year revenue sharing Framework Agreement with Parity Group plc
Further to the announcement of 13 November 2019, Rinocloud Limited ("Rinocloud"), a subsidiary of Integumen has signed a 3-year Framework Agreement ("Agreement") with Parity Professionals Limited ("Parity"), a subsidiary of Parity Group plc. The Agreement is for the supply and roll-out of mobile enterprise resource, data management and business tool software services to clients from the National Health Service ("NHS"), Public Sector, Utilities, Housing Associations and Private Institutional companies.
Gerard Brandon, CEO of Integumen, & Director of Rinocloud, comments:
"Following on from the Heads of Terms signed with Parity announced five weeks ago, the Parity Team offers Rinocloud a vendor approved, ready-made sales, marketing and distribution channel into the ideal clients for its mobile enterprise resource and data management software services. The teams have jointly identified a number of clients across the Parity client portfolio who would benefit from working with Rinocloud and we will initiate consultations with them early in 2020."
Matthew Bayfield, CEO of Parity Group plc, & Director of Parity Professionals Ltd., comments:
"Our Agreement with Rinocloud is a complementary combination of Parity Professional people and Rinocloud software services who are set to define, develop and deploy value-added mobile enterprise resource and data management solutions across our public sector and private institutional clients. By increasing value for our clients, we increase our revenue per client, increase client contract terms, generating a higher margin and profitability."
Combined benefits:
· Recurring shared revenue streams for both Parity and Integumen in 2020
· Value-added proposition in demand from Parity clients with c. 3 to 5-year annual contracts
· Immediate access to 150 public and private institutional clients
· Trusted approved vendor for Government and private sectors for over 45 years
· 1,000+ data experts and 100+ enterprise sales and office professionals
· Existing cross-over access to educational institutional research facilities
· Access to multiple industry, public and private sector distribution routes to market
· Well defined roadmap to next level business growth for both Parity and Integumen
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