13 Jan 2014 07:00
13 January 2014
Brady plc ("Brady" or the "Company")
New Contract
Brady, the leading supplier of trading and risk management solutions for commodities, recycling and energy, is pleased to provide an update on new contracts. Over the last six weeks the Company has signed four new significant licence agreements. These contracts further strengthen the Group's backlog for 2014 and create a positive outlook for the year.
Two of the contracts were signed by global cross-asset trading organisations. The first organisation is the recently established physical trading arm of a Brazilian bank. It has operations in the US and the UK that licensed Brady to handle the management of its commodity trading operations and warehousing. The second one is a US-headquartered multi-asset trading company based in Stamford, CT, that currently relies on Brady's solutions for managing its raw materials trading operations and has now additionally selected Brady to handle its refined metal trading and risk operations.
The other two significant deals were secured in the recycling space with new customers to Brady, who will be deploying Brady's Commodity Recycling Enterprise solution across several locations in the US. The solution will manage their end-to-end metal recycling processes, addressing their unique financial, commercial and operational requirements.
Gavin Lavelle, CEO of Brady, commented: "I am delighted to report the high level of year end deal closures, which puts us in a great position for the start of the New Financial Year. It is also confirmation of the economic recovery in the Americas and underpins our decision to continue to build on our US resources to support and service this growing customer-base". Continuing he said: "It is testimony to Brady's unparalleled competence and global presence in the commodity trading space and the domain experience and the credibility of our staff, that we are able to secure customer projects of this scope and diversity".
For further information please contact:
Brady plc Gavin Lavelle, Chief Executive Officer Martin Thorneycroft, Chief Finance Officer | Telephone: +44(0)1223 479479 |
Cenkos Securities plc Ivonne Cantu / Camilla Hume Alex Aylen (sales)
|
Telephone: +44 (0)20 7397 8900 |
Redleaf Polhill Rebecca Sanders-Hewett / David Ison / Charlie Geller | Telephone: +44 (0)20 7382 4730
|
About Brady
Brady plc (BRY.L) is the largest European-headquartered provider of trading and risk management software to the global commodity, recycling and energy markets. Brady combines fully integrated and complete solutions supporting the entire commodity trading operation, from capture of financial and physical trading, through risk management, handling of physical operations, back office financials and treasury settlement, for energy, refined and unrefined metals, scrap, soft commodities and agriculturals.
Brady has 25 years' expertise in the commodity markets with over 300 customers worldwide, who depend on Brady's software solutions to deliver vital business transactions across their global operations. Brady clients include many of the world's largest financial institutions, trading companies, miners, refiners and producers, scrap processors, tier one banks and a large number of London Metal Exchange (LME) Category 1 and 2 clearing members and many leading European energy generators, traders and consumers.
For further information visit: www.bradyplc.com
Brady plc: Twitter/Facebook/LinkedIn