

Announcements.

Looking to discover a little more about our client companies?
A selection of news and recent announcements can be found here.
Brian Cox
Neville Registrars is sad to announce that its Executive Chairman, Brian Cox, passed away on Sunday, 22nd January 2023, aged 86. Brian’s professional career spanned more than six decades: advising on takeovers, mergers and new issues at S G Warburg & Co, before moving on to become……

Neville Registrars is sad to announce that its Executive Chairman, Brian Cox, passed away on Sunday, 22nd January 2023, aged 86.
Brian’s professional career spanned more than six decades: advising on takeovers, mergers and new issues at S G Warburg & Co, before moving on to become Executive Director of Barclays Merchant Bank and serving as Non-Executive Chairman of several fully listed companies.
In the early nineties, Brian acquired Neville Registrars and spent the last 30 years passing on his wide corporate advisory and legal experience to advisers and clients, growing the business and shaping the continuing development of the share registration industry, well into his eighties.
Brian will be sorely missed by his family, friends and the entire team at Neville Registrars – several of whom have worked for him for more than 25 years. Brian’s proudest achievement was the strength and depth of expertise of the team he built and he was actively involved in the business until very recently. Mark Hickman, Director of Neville Registrars said: “It has been a privilege to have both worked with and been mentored by Brian for over two decades. Words simply cannot describe how much his influence, support and personality will be missed.”
Brian is survived by his wife Alex, 5 children and 8 grandchildren.
Drumz Plc : New Contract wins and partners for Acuity
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this……
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
13 February 2023
Drumz plc
('Drumz' or the 'Company')
New Contract wins and partners for Acuity
Drumz plc (AIM:DRUM) is pleased to announce that Acuity Risk Management Limited (‘Acuity’), an investee company in which Drumz has a 25% shareholding has won contracts with two significant new customers to use its software platform, STREAM® Integrated Risk Manager(“ STREAM® ”), which is used by private and public sector clients to manage their cyber security and other enterprise risks.
Contract wins
The first contract win is with a North American bank which is adopting STREAM® to improve its enterprise risk management. This solution has the potential to be replicated by many other banks and financial institutions.
The second contract is with a leading provider of public cloud and cybersecurity solutions and services, headquartered in Europe with operations in Europe, North and South America which is adopting STREAM® for cyber security and IT risk management.
The aggregate initial order value for these two contracts is c.£300,000 over three years, equivalent to £100,000 per annum.
New partners
Acuity believes there is an opportunity to accelerate its growth, particularly in the North American market which represents 45% of global demand. To achieve growth in this market an experienced channel manager was recruited by the Company in August 2022. In addition, two new partners have recently been appointed in North America and revised sales targets have been agreed with other existing partners. Both new partners are large corporate entities who specialise in cyber security risks for financial, defence, healthcare and general market sectors.
Angus Forrest, Chief Executive of Drumz plc, said: “These contract and partners wins are evidence that the strategic changes to the distribution channels and new management appointments which have been made are working and setting Acuity up for faster and transformational growth over the short to medium term.”
Simon Marvell, CEO of Acuity said: “The Acuity business has been making great progress with the investment and support from Drumz and since the recruitment of Kerry Chambers as Commercial Director in April 2021. These two new exciting customer wins are testament to performance improvements across all sales and marketing operations which are now starting to bear fruit.”
| For further information please contact: | |
| Drumz Plc | www.drumzplc.com |
| Angus Forrest | +44 (0) 20 3582 0566 |
| WH Ireland (NOMAD & Broker) | www.whirelandcb.com |
| Mike Coe / Sarah Mather | +44 (0) 20 7220 1666 |
| Peterhouse Capital Limited (Joint broker) | |
| Lucy Williams / Duncan Vasey | +44 (0) 20 7469 0936 |
Note to Editors
Drumz plc
Drumz plc (AIM): DRUM) is an investing company focused on investing in and acquiring established software businesses that own good technology, have quality customers and which could better exploit their assets and accelerate their growth with the injection of experienced management and new funds.
Drumz will, where necessary, make available some of its experienced management team and provide finance to facilitate the necessary changes, so that the value of the businesses in which Drumz invests will be transformed over a two to four year period. In due course, the new Directors expect to dispose of such businesses, in whole or in part, in order to realise value for Drumz and its shareholders.
Acuity Risk Management
Acuity is an established provider of risk management services. Acuity’s award-winning STREAM® is a GRC software platform, which collects data about organisations to improve business decisions and management. It is used by around 70 organisations in markets including government, utilities, defence, broadcasting, manufacturing and healthcare. Most customers use it for managing cybersecurity and IT risks and for compliance with ISO 27001 and other standards and regulations. STREAM® is sold on a SaaS or private cloud delivery (on-premise) basis, typically with a three year licence, invoiced annually in advance. Sales are made directly through the Company’s own sales team and via a growing network of partners in the UK and the US.
CloseAccess Intelligence : Contract wins
RNS Number : 5016P Access Intelligence PLC 10 February 2023 Access Intelligence plc ("Access Intelligence" or the "Company") Contract wins Access Intelligence (AIM: ACC), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, is pleased to announce a number of contract……
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RNS Number : 5016P
Access Intelligence PLC
10 February 2023
Access Intelligence plc
("Access Intelligence" or the "Company")
Contract wins
Access Intelligence (AIM: ACC), the technology innovator delivering Software-as-a-Service (SaaS) solutions for the global marketing and communications industries, is pleased to announce a number of contract wins across the globe in the last two months.
In North America, a significant contract worth £0.5m per annum has been won with a customer seeking to use the Company's technology to obtain greater insights into its local and global communications strategy. Other important wins in North America in the last two months include Basis Technologies and a partnership with Reddit to deliver strategic research to be presented at Cannes 2023 Festival of Creativity.
In EMEA, recent contract wins with new customers include the Delegation of the European Union to the United Kingdom, Iris Worldwide, Matalan, Mayborn Group, Punch Taverns and the Office of the Children's Commissioner.
In APAC, the Company has won contracts with CBRE, the Department of Fire and Emergency Services, Tesla and Uluru Dialogues. Uluru Dialogues is a body that represents a movement to gain greater constitutional recognition for indigenous Australians ahead of a referendum on the topic during 2023. The Board are delighted to support such an important endeavour.
Joanna Arnold, Chief Executive of Access Intelligence, said:
"Our market leading products and award winning insights offering provide a global opportunity and we are therefore delighted with the contracts won over the last two months across each of our geographic regions."
For further information:
Access Intelligence plc 020 3426 4024
Joanna Arnold (CEO) / Mark Fautley (CFO)
finnCap Limited (Nominated Adviser and Broker) 020 7220 0500
Corporate Finance:
Marc Milmo / Fergus Sullivan
Corporate Broking:
Alice Lane / Sunila de Silva
This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseDeepverge PLC : Significant contract win and Board change
RNS Number : 0782P Deepverge PLC 06 February 2023 6 February 2023 DeepVerge PLC ("DeepVerge" or "the Company" or "the Group") Significant contract win and Board change DeepVerge (AIM: DVRG), the environmental and life science group of companies that develops and applies AI and IoT……
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RNS Number : 0782P
Deepverge PLC
06 February 2023
6 February 2023
DeepVerge PLC
("DeepVerge" or "the Company" or "the Group")
Significant contract win and Board change
DeepVerge (AIM: DVRG), the environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins, announces a significant contract win, change to the board and to the role undertaken by an existing director.
Significant contract win
Glanaco, a subsidiary of DeepVerge acquired in March 2022, has secured a €10m (circa £9.3m) order from an existing customer in Central Asia for the design, assembly and supply of multi-function mobile equipment for use by municipalities for applications including cleaning, decontaminating, de-icing, and salting streets and public areas, with relevant data generated by the bespoke software designed by the Company's subsidiary Rinocloud.
The order comprises a design licensed to the customer, the initial c£3.2m revenues for which were included in the £17.2m (unaudited) total for 2022 announced on 9 January 2023, and production of 100 units which are contracted to be delivered in 2023, starting in March 2023, with revenues of c£6.1m. The order for 100 units will be managed by Glanaco's plant in Cork, Ireland where all assembly and testing will be undertaken.
Board and Management changes
Fionan Murray has stepped down from the board with immediate effect to concentrate during his notice period on maximising the value of Skin Trust Club and Labskin Division, in line with the announcement on 20 July 2022 that the Company is exploring a range of options to meet the unprecedented demand for Labskin services and the accelerating growth of Skin Trust Club.
Dr Nigel Burton, interim CEO DeepVerge plc, commented:
"I'm pleased to be able to announce this contract, which is a significant contribution to the 2023 order book and revenues.
I'd like to thank Fin for his significant contribution to the development of the Company since the acquisition of Rinocloud in 2019. We wish him well in his future endeavours."
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DeepVerge plc |
Nigel Burton, Interim CEO |
+44 (0) 7785 234447 |
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SPARK Advisory Partners Limited (Nominated Adviser) |
Neil Baldwin |
+44 (0) 113 370 8974 |
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Turner Pope Investments (TPI) Limited (Broker) |
Andy Thacker/James Pope |
+44 (0) 20 3657 0050 |
Market Abuse Regulation (MAR) Disclosure
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
About DeepVerge plc (www.deepverge.com)
DeepVerge is an environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins; Utilising artificial intelligent data analytics to scientifically prove the impact of skincare product claims on skin.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseSmarttech247 Group : Contract win update
RNS Number : 6389O Smarttech247 Group PLC 02 February 2023 2 February 2023 Smarttech247 Group PLC ("Smarttech247", the "Group" or the "Company") Contract win update Smarttech247, a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to……
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RNS Number : 6389O
Smarttech247 Group PLC
02 February 2023
2 February 2023
Smarttech247 Group PLC
("Smarttech247", the "Group" or the "Company")
Contract win update
Smarttech247, a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to provide an update on contract wins during the last quarter.
The Company, which was admitted to trading on AIM in December 2022, has secured a number of new multi-year contracts utilising its automated Managed Detection and Response Platform, VisionX. These include a three-year agreement with a large US tech company headquartered in Massachusetts and a two-year agreement with a prestigious university in Ireland worth c.$400,000 and c.$450,000 respectively over the lives of the contracts. The contract wins build on the three-year $800,000 contract with a Fortune 150 leading automotive retailer in the USA with annual revenues of over $20 billion which the Company won in October 2022.
Raluca Saceanu, Chief Executive Officer of Smarttech247, commented :
"We are delighted to have been awarded a number of multi-year contracts with prestigious organisations. It demonstrates Smarttech247's ability, not just in the UK and Ireland, but overseas, to deliver cybersecurity solutions to a growing list of global blue-chip clients. It also demonstrates the rapid adoption of our new platform, VisionX.
"Cyber threats are increasing in number and complexity every year. To protect brand reputation, customers' private and payment information, as well as sensitive IP, organisations are taking a focused cyber management approach to reduce their risk.
"We look forward to working in partnership to provide improved security solutions to all our customers and will update the market on future progress in due course."
– Ends –
For further information please contact:
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Smarttech247 Group PLC |
Tel: +353 21 206 6033 |
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Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director |
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SPARK Advisory Partners Limited – Nominated Adviser |
Tel: + 44 (0) 20 3368 3550 |
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Mark Brady / Adam Dawes |
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Shard Capital – Broker |
Tel: +44 (0) 20 7186 9900 |
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Damon Heath |
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Fortified Securities – Adviser |
Tel: +44 7493 989014 |
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Guy Wheatley, CFA |
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Yellow Jersey PR
Sarah Hollins / Annabelle Wills / Bessie Elliot |
Tel: +44 (0) 20 3004 9512
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About Smarttech247
Smarttech247 is a multi-award winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response.
The Company's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team.
Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to AIM on 15 December 2022.
For further information please visit www.smarttech247.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseCrimson Tide PLC : Contract Win
RNS Number : 4682O Crimson Tide PLC 01 February 2023 Crimson Tide Plc Inaugural Contract Win in the United States Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the provider of the mpro5 solution, is pleased to announce the signature of its inaugural subscription contract in the……
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RNS Number : 4682O
Crimson Tide PLC
01 February 2023
Crimson Tide Plc
Inaugural Contract Win in the United States
Crimson Tide Plc (TIDE) ("Crimson Tide" or "The Company"), the provider of the mpro5 solution, is pleased to announce the signature of its inaugural subscription contract in the United States. The three-year contract is worth over £0.25m and will see mpro5 implemented as the Smart App Solution in a building-wide IoT project in our clients' offices in San Francisco.
mpro5 will be used to initiate smart actions from sensor readings in this office, which is envisaged to be the first in a wider implementation of mpro5 in the US and other locations. The client is a supplier of network solutions globally, and this installation will enable its representatives to demonstrate mpro5 to its own existing and projected clients.
Chairman Barrie Whipp commented, "This contract win is a landmark in its own right, validating our strategy to expand into the United States. The opportunity that it creates, however, is of much greater significance. Our client operates globally, and the use of mpro5 in its San Francisco office offers us the chance to demonstrate mpro5 in action for one of the world's largest providers of IT networking.
"The contract win verifies our strategy to standardize mpro5 and productize it for sale and use with third-party hardware and software. We hope that mpro5 will become an integral part of our client's IoT strategy, allowing its partners to add mpro5 as an option in their sales process."
Enquiries:
Crimson Tide plc +44 1892 542444
Barrie Whipp / Jacqueline Daniell
finnCap Ltd (Nominated Adviser and Broker) +44 20 7220 0500
Julian Blunt / Milesh Hindocha, Corporate Finance
Andrew Burdis, Corporate Broking
Alma PR (Financial PR) +44 7780 901979
Josh Royston
For further information on Crimson Tide plc, see crimsontide.co.uk and mpro5.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseKinovo PLC : London Borough of Waltham Forest Contract Win
RNS Number : 4702N Kinovo PLC 23 January 2023 23 January 2023 Kinovo plc ("Kinovo", the "Group" or the "Company") London Borough of Waltham Forest Contract Win Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, is pleased to announce that……
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RNS Number : 4702N
Kinovo PLC
23 January 2023
23 January 2023
Kinovo plc
("Kinovo", the "Group" or the "Company")
London Borough of Waltham Forest Contract Win
Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, is pleased to announce that it has been awarded a contract worth £4 million over 2 years by the London Borough of Waltham Forest.
The contract, which comprises of electrical, commercial mechanical works and associated builders works, contains possible extensions of two further one-year terms. The contract includes works under each of the Group's three key strategic pillars: Regulation, Regeneration and Renewables.
Following the Company's strategic repositioning and rebranding in 2021 and subsequent streamlining of operations to the above three key focus areas, cross-selling its services across contracts has been integral to the Company's recent improvement in financial performance. As announced on 28 November 2022, Kinovo reported a 25% increase in revenue for H1 FY22, with three-year visible revenues of £146 million, which this contract win adds to.
David Bullen, Chief Executive Officer of Kinovo plc, commented:
"We are delighted to have secured this contract and the opportunity to work with our existing customer, the London Borough of Waltham Forest again. As well as its considerable inherent value, at £4 million over 2 years, the ability to utilise all our key focus areas under this contract reinforces our strategy of cross-selling services across the Group.
This award validates the consistent quality of our services and the team's operational excellence."
Enquiries
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Kinovo plc |
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Sangita Shah, Chairman David Bullen, Chief Executive Officer |
+44 (0)20 7796 4133 (via Hudson Sandler) |
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Canaccord Genuity Limited (Nominated Adviser and Sole Broker) |
+44 (0)20 7523 8000 |
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Adam James Andrew Potts Harry Rees |
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Hudson Sandler (Financial PR) |
+44 (0)20 7796 4133 |
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Dan de Belder Harry Griffiths |
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This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseKanabo Group PLC : Launch of new products
RNS Number : 8895M Kanabo Group PLC 17 January 2023 Kanabo Group Plc. ("Kanabo" or the "Company") Launch of two new medical cannabis products & testing of the new IT Cannabis Platform Kanabo Group, is pleased to announce the launch of two new medical cannabis extract……
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RNS Number : 8895M
Kanabo Group PLC
17 January 2023
Kanabo Group Plc.
("Kanabo" or the "Company")
Launch of two new medical cannabis products
& testing of the new IT Cannabis Platform
Kanabo Group, is pleased to announce the launch of two new medical cannabis extract formulas for inhalation, designed specifically to fill a gap in the market for premium products for patients with severe pain. The new formulas, available in versions suitable for day and evening use, will be branded as a Kanabo-Noidecs partnership with LYPHE Group and used with the VapePod, containing high levels of THC, low CBD, and cannabis naturally derived terpenes. The launch will broaden Kanabo's vape offering to the market and is an additional step for the company to build a robust product offering to all eligible patients in the UK. These new formulas will be available from next week to eligible patients via Dispensary Green pharmacy.
Further to the above, Kanabo Group is committed to increasing patient access to prescribed medical cannabis in the UK by developing a new platform using its recently acquired UK subsidiary, The GP Service Ltd. The company is pleased to announce that all the regulatory approvals have been obtained, and the testing stage of the platform has begun. Additional updates will be provided in due course.
Dr Mehran Afshar, Clinical Director of Kanabo Group:
"We are committed to improving patient access to prescribed medical cannabis through innovative technology and telemedicine services. Our new medical cannabis extract formulas for inhalation offer patients suffering from severe pain a premium option for managing their symptoms without the negative side effects of traditional cannabis flowers."
For further information, please visit http://www.kanabogroup.com/ :
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Kanabo Group Plc |
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Avihu Tamir, CEO |
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Peterhouse Capital Ltd (Financial Adviser) |
Tel: +44 (0)20 7469 0930 |
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Eran Zucker |
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Peterhouse Capital Ltd (Corporate Broker) |
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Lucy Williams / Charles Goodfellow |
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About Kanabo Group Plc
Kanabo Group Plc is a leading developer and distributor of cannabis-derived products and inhalation technologies for medical patients and wellness consumers. The company is the first medicinal cannabis company to IPO on the London Stock Exchange and is made up of supply-chain specialist subsidiaries, including:
● The GP Service – a Kanabo Group Plc wholly owned, NHS-approved online telehealth provider offering video consultations, online prescriptions, treatment forms and access to primary care services.
● Kanabo Research Ltd – a wholly owned subsidiary responsible for Medical Device Development, Medical Cannabis formulation R&D, regulation and quality assurance procedures.
● Kanabo Agritec Ltd – a partly owned subsidiary, Cannabis Grow Consultancy firm that provides a comprehensive technology solution for controlled farming, including state-of-the-art irrigation and fertigation automation, facility planning and support services. This will provide high-quality raw materials for Kanabo's formulas and product line.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseNorthcoders Group : Rolls Royce Contract Win
RNS Number : 6101J Northcoders Group PLC 14 December 2022 This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon……
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RNS Number : 6101J
Northcoders Group PLC
14 December 2022
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
14 December 2022
Northcoders Group plc
('Northcoders' or the 'Company')
Rolls Royce contract win
Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Company's Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group to run a developer incubator programme with a contract value of £0.45 million. This new contract follows on from a similar programme that Northcoders ran successfully for R² Factory last year which has just finished.
During the last twelve months, Northcoders has secured multiple new contracts in its Business Solutions division, with KPMG and EMaC Ltd, among others.
Chris Hill, CEO of Northcoders Group plc, said: "We are really pleased that R² Factory and Rolls Royce have renewed their contract with our Business Solutions division for another year and this type of recurring business is testament to the high quality service that we provide for our clients. The developer incubator programme that we are running for them is the same as last year but with a different team made up of four junior and one senior developers.
"The continued success of our Developer Incubator programme within the Business Solutions division is key to the sustained growth of the business as we move into developing our new technical areas and continue in our mission to provide the UK with the technologists it needs while creating life-changing opportunities for individuals from all walks of life."
– Ends –
For further enquiries:
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Northcoders Group plc |
Via Buchanan |
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Chris Hill, CEO |
Tel: +44 (0) 20 7466 5000 |
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Charlotte Prior, CFO |
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WH Ireland Limited (Nominated Adviser & Joint Bookrunner) |
Tel: +44 (0)20 7220 1666 |
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Mike Coe / Sarah Mather (Corporate Finance) |
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Fraser Marshall (Corporate Broking)
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Peterhouse Capital Limited (Joint Bookrunner) |
Tel+44 (0) 20 7496 0930 |
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Lucy Williams |
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Duncan Vasey |
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Buchanan Communications |
Tel: +44 (0) 20 7466 5000 |
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Henry Harrison-Topham |
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Jamie Hooper |
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George Cleary |
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Notes to Editors
Northcoders is a market leading provider of coding and software development training for businesses and individuals. Founded in 2015, its business model operates a hybrid structure with a flagship site in Manchester and other sites in Leeds, Birmingham and Newcastle supported by a proven digital offering to support its students across the UK.
Powered by IP rich technology, Northcoders' coding school offers boot camp courses to individuals from a range of backgrounds, delivered through virtual and physical learning. The Group also works with blue chip corporates across multiple sectors to supply innovative EdTech solutions for the upskilling and reskilling of employees, and is also a registered provider of government-backed apprenticeships in the field.
With a keen focus of inclusivity, diversity and quality at its core, Northcoders aims to address the digital skills gap in the UK to meet the increasing demand for digital specialists from businesses and public agencies. It operates in a significant and growing market with structural growth trends further accelerated by Covid-19.
Northcoders was admitted to trading on AIM in July 2021 with the ticker CODE.L. For additional information please visit www.northcodersgroup.com .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
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CloseCrimson Tide PLC : Significant contract expansion and extension
RNS Number : 6808G Crimson Tide PLC 17 November 2022 This announcement contains Inside Information 17 Nov 2022 Crimson Tide plc ("Crimson Tide" or "the Company") Significant contract expansion and extension Crimson Tide plc (TIDE), the provider of the mpro5 smart app solution, is……
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RNS Number : 6808G
Crimson Tide PLC
17 November 2022
This announcement contains Inside Information
17 Nov 2022
Crimson Tide plc
("Crimson Tide" or "the Company")
Significant contract expansion and extension
Crimson Tide plc (TIDE), the provider of the mpro5 smart app solution, is pleased to announce a significant new and highly improved 3-year contract with an existing retail client. The contract, with a value of over £1m of high-margin revenue per annum, more than doubles the annual recurring revenue under the previous contract. The contract includes an optional break clause at month twenty-four, although it is important to note that, at the end of the new contractual term, the client's relationship and contracts with Crimson Tide will have exceeded ten years.
mpro5's value to the client has evolved from one single use case of the platform to over thirty processes across the organisation. mpro5 guides and records store-wide procedures and provides evidence for policies that support a wide range of compliance requirements. mpro5 is a full-service solution that also contributes to the client's staff and working practice efficiency and is used daily across its national estate.
Barrie Whipp, Chairman, commented: "If ever there was an exemplar of how mpro5 can demonstrate its value, this well-known retailer is a beacon. The expansion of use cases for our platform and associated long-term contracted revenue go hand in hand. At the same time, our values of partnership, dynamism and teamwork have established mutual trust with the client. Our exceptional team continues to seek further efficiencies by evolving mpro5 to provide innovative solutions to both existing and anticipated requirements.
"We continue to add high quality, contracted annual recurring revenue as we increasingly expand our footprint by sector and internationally. The enterprise solutions we deliver drive efficiency, which is vital in today's economy. Accordingly, the Board believes them to be compelling and ripe for further growth."
For further information, please contact:
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Crimson Tide plc |
Via Alma PR |
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Barrie Whipp / Jacqueline Daniell / Peter Hurter |
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finnCap (Nominated adviser and Broker) |
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Corporate Finance: Julian Blunt / Milesh Hindocha |
+44 20 7220 0500 |
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Corporate Broking: Andrew Burdis |
+44 20 7220 0500 |
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Alma PR – (Financial PR) |
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Josh Royston / Will Ellis Hancock |
+44 7780 901 979 |
Crimson Tide provides mpro5, the Smart App Solution. For further information, see mpro5.com and on Crimson Tide plc, crimsontide.co.uk
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