NASA.L Regulatory News (NASA)

27 Oct 2008 07:00



Nasstar Plc

Contract Win: Iris

Nasstar plc ("Nasstar", AIM: NASA), which delivers desktop computing over the internet, is pleased to report that Iris London Limited ("Iris") has entered in to a new 3 year contract for Nasstar's Hosted Exchange service. Iris is a global marketing agency and has been a customer of Nasstar since 2006. 

Under the terms of the contract Nasstar's Hosted Exchange internet service will continue to be used by Iris for a further 3 year term. There are break clauses at the end of each year should Nasstar fail to meet certain service levels. 

The contract is for a period of 3 years and the actual value of the contract will depend on exact usage based on an agreed per user per month fee. 

Charles Black, Nasstar's Chief Executive Officer, said: "We are delighted Iris have chosen to commit to a new 3 year contract with Nasstar, its a great endorsement of Nasstar's service for a global enterprise of Iris's size to enter in to a new long term commitment. Iris are a great company that have grown like Nasstar at a fast pace over the last couple of years and we are looking forward to both companies experiencing continued growth." 

Andy Eakins, IT Director of Iris said: "Nasstar's model of internet delivery for services and usage based payment has suited Iris perfectly as we have trebled in size since 2006 and as we keep growing we just pay for what we use rather than investing capital in trying to do it ourselves. We have enjoyed our relationship with Nasstar since 2006 and look forward to working with them in the years to come."

ENDS

Contact informationNasstar plcCharles Black, Chief Executive Officer 020 7148 5000About Nasstar plcNasstar (http://www.nasstar.com) provides computing over the internet, enabling subscribers to do all of their computing in the internet cloud, with access to their desktop, files, applications and email over the internet rather than on-premise. Cloud computing is a highly scalable service that provides benefits including anywhere access to computing and provides an alternative to traditional locally installed on-premise computing.

Nasstar was founded in 1998 by Charles Black. Nasstar plc was admitted to trading on the London Stock Exchange Alternative Investment Market in December 2005 (AIM: NASA).