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23 Feb 2022 07:00
Next Fifteen Communications Group plc (“Next 15” or the “Group”)
Significant new contract win for Next 15
The board of Next 15 is pleased to announce that its wholly owned subsidiary Mach49, the growth incubator for global businesses, has entered into a five-year strategic alliance with a global technology and digital company, currently operating in stealth mode. Under the agreement, they will be tasked with helping create and launch a series of innovation-led, technology-driven, sustainable ventures across the world. Over the term of the contract, total fees including third party expenses are expected to be in excess of $400 million, with revenues in the first year to be approximately $50m. This will naturally increase the earnout payable to Mach49’s equity holders, a revised estimate for which will be supplied in April when we announce full year results.
Tim Dyson commented: ‘Since Mach49 joined the Group 18 months ago, they have significantly exceeded our expectations, and this latest client win is testimony to their success in working with global companies focused on venture building and venture investing to drive innovation and growth.’
Enquiries:
Next Fifteen Communications Group plc Tim Dyson, CEO+1 415 350 2801Peter Harris, CFO+44 (0)20 7908 6444
Numis (Nomad & Joint Broker) Mark Lander, Hugo Rubinstein+44 (0)20 7260 1000
Berenberg (Joint Broker) Ben Wright, Mark Whitmore+44 (0)20 3207 7800
Powerscourt Elly Williamson/Sabine Pirone, Ollie Simmonds+44 (0)7817 657528
About Next 15
Next 15 (AIM:NFC) is an AIM-listed tech and data-driven growth consultancy with operations in Europe, North America and across Asia Pacific. The Group has a strong track record of creating and acquiring high-performance businesses. For acquired businesses it offers an opportunity to take advantage of the Group’s global operational infrastructure and centralized resources to accelerate their growth. The Group has long-term customer relationships with many of the world’s leading companies including Google, Amazon, Facebook, Microsoft, IBM, American Express and Procter & Gamble.
The business operates across four segments, each of which describes how we help customers grow in different ways: Customer Insight helps them understand their opportunities and challenges; Customer Engagement optimises their reputation and digital assets; Customer Delivery helps them connect with customers to drive sales; and Business Transformation helps maximize long-term value through corporate positioning, business design and the development of new ventures.
At Next 15, success is underpinned by a people-led approach. Our purpose is to make our customers and our people the best versions of themselves, and our culture is empowering and respectful. We are seeking B Corp status as externally audited recognition of our commitment to our people and the planet alongside performance.
Our goal is to deliver above-market growth. Our revenues have grown by 106% over the last five years and we are aiming to double the size of the business in the next five years. This will be driven by the quality of the businesses, the strength of our customer relationships, the support our model gives them, and strong tech, data and digital tailwinds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220222006235/en/
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