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RNS Number : 2860W

Silver Bullet Data Services Grp PLC

15 July 2024

 

15 July 2024

 

Silver Bullet Data Services Group plc

("Silverbullet"or the "Company", or, together with its subsidiaries, the "Group")

Contract Wins andWorking Capital Facility

 

Silverbullet (AIM: SBDS), a leading provider of AI-driven digital transformation services and products, is pleased to announce significant new contract wins and a new working capital facility.

 

New Business Wins:

 

Silverbullet has successfully secured 20 new contract wins in the first half of the year, reflecting the Company's strong market position and the growing demand for its innovative products and services. These new contract wins include multinational brandsfrom industry-leading companies across various sectors and represent committed new business revenues of approximately £1.2 million to date.

 

Notably, one of the new contracts is with a global confectionery company that has entrusted Silverbullet with a worldwide mandate for its data strategy.

 

These new contract wins contribute to committed revenues in FY 2024 representing nearly 70 per cent. of the full-year revenue target, demonstrating the Company's strong progress and ability to attract and retain high-profile clients.

 

Working Capital Facility:

 

As mentioned in the full year results, Silverbullet is also pleased to report that it has secured a working capital facility to enable the Company to continue to meet its strategic objectives. Additional liquidity has been obtained through a US$1 million receivablesdiscounting facility, which is expected to supportcash flow management andthe continued growth of revenues from large global customers with longer payment termsfor the remainder of the year, underscoring our commitment to maintaining a solid financial foundation and achieving positive operating cashflow in H2 2024.

 

Ian James, CEO of Silverbullet, commented:

"I am pleased to report that we have secured 20 new logos since the beginning of the year. The new contracts include multinational brands that have entrusted Silverbullet to service their upcoming growth strategies, providing robust validation that our strategy is being well adopted as we focus on our clients' intelligent data utilisation in this privacy-centric era.

 

"Our new working capital facility further strengthens our financial position, providing us with the necessary liquidity to support our expanding global customer base and reducing the need for additional fundraising. This facility is a testament to our robust financial management and strategic planning.

 

"We are confident in our ability to meet full-year management expectations and our commitment to achieving a positive EBITDA run rate during the second half of the year, along with positive operating cashflow. Our committed revenues represent a significant portion of our annual budget and welook forward to continuing this momentum and updating the market in due course."

 

 

For further information please contact:

Silverbullet		via IFC
Ian James (CEO) / Chris Ellis (CFO)
Strand Hanson Limited – Financial and Nominated Adviser		0207 409 3494
James Spinney / James Bellman / Robert Collins
Oberon Capital – Joint Broker		0203 179 5344
Mike Seabrook / Chris Crawford / Nick Lovering
CMC Markets – Joint Broker		0203 003 8632
Douglas Crippen
IFC Advisory		020 3934 6630
Graham Herring / Tim Metcalfe / Florence Chandler		07793 839 024

 

About Silverbullet

Silverbullet's proprietary 4D AI advertising solution is designed to help advertisers target consumers in a "post cookie world". The product is a natural extension to its existing services business which already serves a blue-chip client base such asa leading UK hospitality brand and a Global Brewing company,amongst many others. The removal of third-party cookies has already been implemented by web browsers such as Firefox and Safari, with Google expected to phase out the use of cookies in 2025. 

 

Headquartered in London, the Group employs 75+ data specialists across five regions across the globe, including, the UK, Italy, Australia, USA and Latin America. The Group continues to look at other opportunities for expansion worldwide.

 

The Company has an established and growing solutions business with significant accumulated industry experience and a proven track record of delivering strategic digital transformation and activation services to its clients. The majority of the Board have held senior positions at global software companies and have significant industry experience across data engineering, SAAS product development and marketing.

 

The Group has close technical and commercial partnerships with multiple global technology providers, all of which have existing sales channels and are already delivering to clients.

 

The Group has established a strategic partnership and an entity with Local Planet, a scaled network of over 60 agencies across the globe.  Local Planet Data Services Limited was established in December 2020 and presents a significant opportunity to provide data services and the 4D product to the Local Planet agency network.

 

 

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 rns@lseg.com 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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Neville Registrars are delighted to welcome Eco Buildings Group PLC as the newest addition to its list of client companies.

ECO Buildings Group PLC is an AIM listed company providing new solutions for the housing market. It comprises two divisions – Eco Buildings Group Ltd which provides housing solutions based on Glass Fibre Reinforced Gypsum (“GFRG”) technology while Fox Marble provides processed marble quarried in the Balkans for use in construction and developments.

Further information can be found on the Company's website: https://www.eco-buildingsplc.com/

 

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RNS Number : 0452V

itim Group PLC

04 July 2024

 

4 July 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win

 

itim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce that it has signed a five-year multi-million-pound contract with Assaí Atacadista ("Assaí"), the largest Brazilian wholesaler, with more than 300 stores.

 

Founded in 1974, Assaídistinguishes itselfby offeringa diverse rangeof products at competitive prices,servingboth businesses and end consumers. In 2020, the company became independent, and since then, its shares have been traded on the New York Stock Exchange (NYSE) and São Paulo Stock Exchange (B3). In 2023, Assaí reported turnover of approximately $13 billion and currently has a market capitalisation of $2.5 billion.

 

This significant contract follows the recent announcement that Assaí will be expanding its operations across multiple regions, further strengthening its market presence.Under this agreement, Assaí will leverage itim's UNIFY Price & Promotions Optimisation solution powered by Profimetrics AI to refine its pricing strategies and boost competitiveness,reinforcing its commitment to quality and affordability.

 

Itim's UNIFY Price and Promotions Optimisation platform powered by Profimetrics AI provides its retail customers with advanced analytical capabilities to optimise prices and promotions, drive sales, and improve profitability by leveraging data-driven insights.

 

It now is being used by 20 retailers globally and by 6 of the top 10 Brazilian retailers, underlying its capability of adding retail value.

 

Ali Athar, CEO, commented:"We are delighted to have been selected by Assaí to help power their pricing optimisation initiatives. This is a significant endorsement of itim's product set and we look forward to working with Assaí to make this project a great success."

 

The execution of this contract is in line with the Company's financial expectations for the current financial year.

 

Enquiries:

 

Itim Group plc	Ali Athar, CEO Ian Hayes CFO	0207 598 7700
WH Ireland (NOMAD & Broker)	Katy Mitchell Harry Ansell Darshan Patel	0207 220 1666
IFC Advisory	Graham Herring Florence Chandler	0207 3934 6630

 

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.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive Officer, Ali Athar. itim was initially formed as a consulting business, helping retailers effect operational improvement. From 1999 the Company began to expand into the provision of proprietary software solutions and by 2004 the Company was focused exclusively on digital technology. itim has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications which itim has redeveloped to create a fully integrated end to end Omni-channel platform.

 

 

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 rns@lseg.com 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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RNS Number : 4033O

itim Group PLC

15 May 2024

 

15 May 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Five year contract renewal with Majestic Wine

 

itim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce that it has signed a five year multi-million-pound contract renewal with Majestic Wine, theUKs largest specialist retailer with over 200 stores.

 

The subscription renewal for itim's UNIFY platform supports retail, B2B and direct to consumer sales covering processes such as EPOS, e-commerce, PIM, stock management, merchandising, supplier management, pricing and promotions, customer order management, customer management, B2B customer accounts and website & business intelligence.   UNIFY provides a single view of customer, product and real time stock across all channels.

 

John Colley, CEO Majestic Wine, commented:

"In 2021, Majestic selected itim's UNIFY platform as its technology partner.  Together we have turned Majestic into what we believe to be one of U.K.'s leading Omni channel retailers. I am pleased to extend this partnership to cover Majestic's next five year digital journey."

 

Ali Athar, CEO itim Group plc, commented:

"We are delighted to be continuing our relationship with such a prestigious retail brand. This five year renewal is an endorsement of Majestic's confidence in our UNIFY platform which seeks to help retailers achieve omni-channel excellence by driving sales and profitability by putting 'the customer' at the heart of Majestic's unified retail business model."

 

This is in line with management expectations for the current financial year.

 

Enquiries:

 

Itim Group plc	Ali Athar, CEO Ian Hayes CFO	0207 598 7700
WH Ireland (NOMAD & Broker)	Katy Mitchell Harry Ansell Darshan Patel	0207 220 1666
IFC Advisory	Graham Herring Florence Chandler	0207 3934 6630

 

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.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive Officer, Ali Athar. itim was initially formed as a consulting business, helping retailers effect operational improvement. From 1999 the Company began to expand into the provision of proprietary software solutions and by 2004 the Company was focused exclusively on digital technology. itim has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications which itim has redeveloped to create a fully integrated end to end Omni-channel platform.

 

 

 

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 rns@lseg.com 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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RNS Number : 2558N

Solid State PLC

07 May 2024

 

 

Reach – Non-Regulatory Announcement

 

Solid State plc

("Solid State", the "Group" or the "Company")

 International $5.1m IOT contract award from new US franchise line

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, is pleased to announce a $5.1m (£4.05m) order for an IOT technology solution to a US customer from a new franchise line supplied by Solsta, its Components division.

The contract combines hardware and software applications in a value-added industrial application, leveraging off the international capabilities of the Group by exporting its UK expertise into the US market.

The customer solution, creates smart vending machines by enabling smart billing and intelligent inventory control and management through the combination of an industrial router and cloud based services.  The success of this contract demonstrates the Group strategy of broadening its complementary technology set and internationalising the Group.

Delivery of the contract is expected to commence in Q2 calendar 2024 and be completed by middle of calendar year 2025.

Solsta is additionally expecting to work with the client to develop a Gen 2 5G router based successor to the current technology.

Commenting on the contract award, Jon Baxter, Executive Director Sales & Operations EMEA at Solsta, the Group's Components division, said:

"The recent restructuring of the Pacer business in the USA has enabled this significant development in the Components division.   

"This solution brings together both access to hardware and engineering 'know how' to create a product which matches the needs of our client exactly."

 

Investor Site Visits to Head Office in Redditch

Solid State holds site visits to its head office in Redditch where operations from both the Systems and Components divisions can be seen.  Interested investors should contactsolidstate@walbrookpr.com.

 

For further information please contact:

Solid State plc Gary Marsh – Chief Executive Peter James – Group Finance Director	Via Walbrook
Cavendish Capital Markets Limited(Nominated Adviser & Broker) Adrian Hadden / Callum Davidson (Corporate Finance) Tim Redfern / Jasper Berry (Sales)	0207 397 8900
Walbrook PR (Financial PR)                Tom Cooper / Nick Rome / Joe Walker	020 7933 8780 0797 122 1972 solidstate@walbrookpr.com

 

Analyst Research Reports:For further analyst information and research see the Solid State plc website:https://solidstateplc.com/research/

 

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments.  The Group's mantra is – 'Trusted technology for demanding environments'.  To see an introductory video on the Group – https://bit.ly/3kzddx7 

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solsta & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy. 

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition – having made three acquisitions in the last four years.

 

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 rns@lseg.com 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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Neville Registrars are delighted to welcome Lightpoint Medical Ltd as the newest addition to its list of client companies.

Lightpoint are working at the intersection of surgery, AI, and the revolution in nuclear imaging. Their technologies help surgeons to detect cancer accurately in real time, advancing surgical precision, improving patient outcomes, and reducing costs for healthcare systems. 

Further information can be found on the Company’s website: https://lightpointmedical.com/ 

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RNS Number : 3071M

Smarttech247 Group PLC

29 April 2024

 

 

29 April2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Signs Three-Year Deal Worth USD $2.1 million

 

Smarttech247 (AIM: S247), 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 announce that it has signed a new additional contract with an existing pharmaceuticals solutions client worth USD $2.1 million over three years.

 

The contract will utilise Smarttech247's partnership agreement with Splunk Inc., which brings together  Smarttech247's automation-driven and human-led VisionX managed detection and response (MDR) capabilities and Splunk's powerful security information and event management (SIEM) technology solutions. This collaboration creates an enhanced platform that addresses the evolving needs of a complex and evolving threat landscape.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"A key pillar of our growth journey is our strategic tech alliances with leading security players that allow us to expand our portfolio internationally, as well as enhance our current solutions. Through our collaboration with Splunk, we can deliver a service that combines our MDR solutions with advanced SIEM technology, empowering our clientele to pinpoint threats with precision whilst optimising their security efficiency.

 

"As part of this strategy, we are thrilled to announce this most recent contract win with a pre-existing client, a large, pharmaceuticals solutions organisation. This milestone underscores the confidence in Smarttech247 and Splunk's combined capabilities and our dedication to delivering leading cybersecurity solutions."

 

For further information please contact:

 

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

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 Group'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. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

 

For further information please visit www.smarttech247.com.

 

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK), the cybersecurity and observability leader, helps build a safer and more resilient digital world. Organisations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation.

 

For further information, please visit: www.splunk.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 rns@lseg.com 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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RNS Number : 9284L

Smarttech247 Group PLC

25 April 2024

 

 

Reach Announcement

25 April2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Signs New Three-Year Contract with Prominent Financial Organisation

 

Smarttech247 (AIM: S247), 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 announce that it has signed a new contract with a large banking and insurance organisation, worth€720,000 over three years.

 

The contract encompasses both Smarttech247's VisionX Managed Detection and Response (MDR) capability as well as its customised governance, risk, and compliance (GRC) services. Smarttech247 will offer its client round-the-clock monitoring and rapid incident response, information security and risk capabilities, as well as data loss prevention (DLP) solutions to ensure regulatory compliance and protection against imminent cyber threats.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to announce our most recent contract win with a prominent financial organisation. At Smarttech247, we aim to be a partner to our clients, rather than just a supplier, and as part of this strategy, we are dedicated to ensuring our clients receive high-quality, flexible security services.

 

"We are committed to providing leading MDR, DLP and GRC services, and we look forward to working closely with our new client to help protect it from complex cyber threats."

 

For further information please contact:

 

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

About Reach announcements

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only/non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

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 Group'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. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

 

For further information please visit www.smarttech247.com.

 

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 rns@lseg.com 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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RNS Number : 7452L

SpaceandPeople PLC

24 April 2024

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

POP Retail GmbH – ECE Contract Renewal

SpaceandPeople plc (AIM:SAL) is delighted to announce that its German subsidiary company, POP Retail GmbH ("POP Retail") has again renewed its agreement with GB Service GmbH ("ECE") for the provision of retail kiosks in ECE managed shopping centres in Germany (the "Agreement").

The Agreement has been renewed for an extended five year period until April 2029 and provides additional flexibility and opportunity for both SpaceandPeople and ECE to roll out and operate the retail kiosk business in a cost effective manner.

Nancy Cullen, CEO of SpaceandPeople said: "I would like to congratulate everyone who has been involved in the development of our German business. We are, of course, absolutely delighted to be renewing our contract with ECE. The duration of the contract, combined with the additional flexibility granted, will enable us to provide a great service to ECE across their portfolio and to develop pop up retail further in this prestigious portfolio."

Ulf Schweppe, Head of Department Specialty Leasing of ECE said: "We are very pleased to be extending our relationship with POP Retail for another five years. This new agreement will allow us to offer new and established RMU concepts retailing throughout our portfolio of shopping centres in Germany."

 

For further information, please contact:

 

SpaceandPeople plc                                                            0845 241 8215

Nancy Cullen, Gregor Dunlay

 

Zeus (Nominated Adviser and Broker)                             0203 829 5000

David Foreman, Ed Beddows

 

 

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 rns@lseg.com 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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RNS Number : 5607L

itim Group PLC

23 April 2024

 

23 April 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win with The Entertainer

 

itim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce that it has signed an additional professional services contract with toy retailer The Entertainer.

 

This significant services contract follows the recent announcement that The Entertainer Toy Shops will be opening in over 800 Tesco stores across the UK and Ireland, extending their partnership following a successful year long trial. The partnership will also see Tesco enter a supplier agreement with The Entertainer for the supermarket's stores across Central Europe. The Entertainer has signed this contract with itim to extend its use of itim's Unify Platform offering to power the new partnership with Tesco's.

 

itim's Unify platform known previously as The Retail Suite provides its customers with a full omni-channel offering which allows retailers to drive sales and profitability by adopting the principles of Unified Retailing.

 

The execution of this contract is in line with the Company's financial expectations for the current financial year.

 

Ali Athar, Chief Executive Officer, commented:

"We are delighted to have been selected by The Entertainer to help power this exciting new partnership with Tesco. This is a significant endorsement of itim's product set and we look forward to working with The Entertainer in making the project a great success."

 

Enquiries:

 

Itim Group plc	Ali Athar, CEO Ian Hayes CFO	0207 598 7700
WH Ireland (NOMAD & Broker)	Katy Mitchell Harry Ansell Darshan Patel	0207 220 1666
IFC Advisory	Graham Herring Florence Chandler	0207 3934 6630

 

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.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive Officer, Ali Athar. itim was initially formed as a consulting business, helping retailers effect operational improvement. From 1999 the Company began to expand into the provision of proprietary software solutions and by 2004 the Company was focused exclusively on digital technology. itim has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications which itim has redeveloped to create a fully integrated end to end Omni-channel platform.

 

 

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 rns@lseg.com 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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