Last checked at 19 Jun 2015 07:00
Daily Internet plc
("Daily Internet" or "the Company" or "the Group")
Netplan Contract Renewal
Daily Internet (AIM: DAIP), the managed hosting and cloud solutions provider, is pleased to announce that further to the announcement released on 1 April 2015, Netplan Internet Solutions Limited ('Netplan'), its wholly owned subsidiary, has entered into a two-year contract renewal with one of the worlds largest insurance companies in respect of a contract that had just reached the end of its initial two-year term.
This contract, which is in addition to the contract announced on 1 April 2015, has a value of approximately £500,000 which will be generated over its two-year term.
The contract amount includes an uplift of £90,000 compared to the initial contract terms and this reflects upgrades for Compute and Storage capacity.
This contract renewal and the previously announced contract will generate, in aggregate, revenue of in excess of £1m delivered over the life of the contracts.
We are delighted that this importantcustomer has not only chosen to renew its contract but has also contracted for additional Compute and Storage resource for their Netplan designed and managed Private Cloud.
Owing to the sensitivity of the data being processed, the Private Cloud has been built to PCI Level 1 security standards. The systems allow hospitals and other assistance providers all around the world verify insurance cover with our customer. It provides an automated system for the fast processing of claims and approval of treatments.
Adam Binks, Chief Operating Officer, commented: "We are delighted with the trust and confidence this global insurance provider has shown in our ability to manage the hosting of a key application, requiring the highest levels of availability and data security. We continue to build on this excellent relationship and are exploring other additional projects we can collaborate on".
Chris Evans, Chief Executive, commented: "This contract renewal, its uplift in value and the repeat additional business from this global insurance company further demonstrates the quality of the highly skilled team in Netplan and the trusted adviser relationship its is building on with its customers."
For further information please contact:
Daily Internet plc Chris Evans, Chief Executive Adam Binks, COO
Sanlam Securities UK Limited (Nominated Adviser and Joint Broker) Simon Clements / Max Bascombe
Loeb Aron & Company Limited (Joint Broker) Dr Frank Lucas / Peter Freeman
Walbrook PR Limited Paul Cornelius / Sam Allen / Helen Creswell |
+44 (0)151 559 1777
+44 (0)20 7628 2200
+44 (0)20 7628 1128
+44 (0)20 7933 8780 |
About Daily Internet
Daily Internet is a leading UK provider of cloud, managed and PCI Level 1 certified hosting, which helps organisations to streamline their IT requirements, reduce costs and increase performance and redundancy. This reduces both complexity and risk for customers in managing their IT infrastructure.
Daily Internet operates in two distinct divisions, Mass Market via its brands: Daily, Namehog and Evohosting. Managed & Cloud via Netplan. From its beginnings as a provider of mass market domain names and shared hosting, the Group has evolved and has a shifting focus to managed cloud solutions where it is a trusted adviser to its clients.
The Group has offices in Liverpool, Nottingham, Coventry and Maidenhead.
(http://investor.daily.co.uk)