CTP.L Regulatory News (CTP)

Castleton Technology PLC

("Castleton" or the "Company")

Delivery of integrated product suite on milestone contracts 

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 delivered its integrated product suite on two milestone contracts, both of which run for a period of ten years.

Co-operative Housing Ireland Society Ltd ("CHI") is taking multi-product software via a solution hosted by the Company's Managed Services division, Castleton Managed Services, following the contract win in June 2017. This is the first fully hosted delivery of multiple Castleton software products. The products will allow employees access to information anytime and from anywhere, in addition to giving tenants the ability to communicate with their housing provider in a number of ways on their choice of device.

Clúid Housing Association ("Clúid"), the contract with whom was announced in January 2017, is the first customer to acquire Castleton's complete suite of software products. The delivery of the complete integrated product suite allows Clúid to fully harmonise all operations across the entire business, delivering significant efficiency benefits.

Dean Dickinson, CEO of Castleton, said:

"We look forward to working with CHI and Clúid over the next ten years to streamline processes, enable remote working and improve customer service.

"The delivery of the integrated product suite follows a period of significant product development and illustrates not only our ability to be a "one stop shop" serving the social housing sector, but also the breadth of our offering, which we are able to deliver via a fully hosted solution.

"Through our comprehensive product and service set, we have the ability to provide our customers with the technology and services they require to operate more effectively and achieve their goals. As such, our focus is to increase the number of customers who take multiple products and these contracts show our ability to cross sell and upsell the product suite, and support our internal organic growth targets."

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