Redcentric Regulatory News (RCN)

21 May 2013

Redcentric plc

 ("Redcentric" or "the Company")

Contract Wins

Redcentric plc (AIM:RCN.L), a leading end to end managed service provider delivering innovative technology to improve business productivity and efficiency, is pleased to announce the signing of two multi-year contracts.

The first contract is a three year managed network and cloud contract with a top automotive company worth approximately £1.1m over the course of the contract, of which approximately £600k is net new business. The agreement is the renewal and expansion of a previous long term network contract, and will see Redcentric provide additional datacentre and network management services to support the client's ambitious growth plans.

The second contract is a five year cloud based managed services agreement with a charitable organisation worth approximately £1.1m over the course of the contract. Using its highly resilient cloud infrastructure, Redcentric will provide and manage for the charity a complete hosted virtual infrastructure as well as deliver application layer services.

Fraser Fisher, Chief Operating Officer, commented, "I am pleased to see two more significant and interesting annuity contracts awarded to Redcentric. The first of these contracts has grown significantly in scope as a direct result of the successful business transformation that created Redcentric. The second is testament to Redcentric's compelling, client tailored, cloud offering. These contracts demonstrate Redcentric's success in delivering services aligned to customer needs, utilising tried and tested processes across the commercial, public sector and charitable sectors."

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About Redcentric

Redcentric was incorporated on 11 February 2013. The business of the Redcentric Group is made up of the demerged Managed Services components of the Redstone Group, as enhanced by the acquisition of Maxima in November 2012. The acquisition of Maxima augmented the network assets owned by Redstone, including its connectivity, Cloud and hosting capabilities with a well regarded mid-market business specialising in ICT managed services, managed security, unified communications and Cloud services. Further, the acquisition provides the Redcentric Group with an enhanced onshore and offshore 24 hour/365 day support function to underpin its service level agreements. The combined businesses enjoy a scale that has enhanced their presence in the marketplace and provided an enlarged customer base to cross-sell a broad suite of well regarded and supported services.