Announcement
TPXimpact Holdings : Contract wins
RNS Number : 8849X
TPXimpact Holdings PLC
28 April 2023
28 April 2023
T PXimpact Holdings PLC
( "TPX", "T PXimpact ", or the "Company")
Contract wins
Two significant contract wins with critical central government departments
Two-year digital transformation contract with Department for Education worth up to £27.4 million and four-year digital transformation contract with His Majesty's Land Registry worth up to £49 million
TPXimpact Holdings PLC (AIM: TPX), a technology-enabled services company focused on digital transformation, announces two significant contract wins with two UK central government departments. Combined, the contracts will deliver a cumulative value of up to £77 million over a four year period and demonstrates TPXimpact's position as a leading provider of digital transformation services to the public sector.
The first is a two-year contract with the Department for Education (DfE) worth up to £27.4 million, commencing in May 2023. TPX has been appointed to lead a consortium of suppliers with specialist expertise across all of the Digital, Data and Technology (DDaT) Profession Capability Framework job families, to design, develop and iterate digital services for Teachers and related users.
The second contract win is with His Majesty's Land Registry (HMLR) and is TPX's largest to date, worth up to £49 million over a four-year period, commencing in May 2023. TPX has been appointed HMLR's Digital, Data, and Technology (DDaT) Delivery Partner and will provide a range of digital and technical transformation programmes to support HMLR's ambitions to deliver a more efficient and effective service to its users.
This includes providing secure and efficient land registration, enabling digital property buying and selling, providing near real-time property information, offering accessible digital register data, and collaborating with property market partners to conduct research and accelerate change. This partnership builds on TPX's long-standing relationship with HMLR and proven track record of success as both a user-centred design and product management partner.
Bjorn Conway, Chief Executive Officer of TPXimpact Holdings PLC, commented:
"Our projects with the DfE and HMLR underscore the strength of our offering across digital transformation services, which will prove essential in driving the automation of critical government systems and services. Winning these contracts following a competitive tender process highlights the quality of our offering and consolidates our position as a leading provider of digital transformation services to the public sector.
With the Group optimised for efficiency under one brand, these contracts also represent the scale and value of the projects TPXimpact can deliver. As an agile organisation with end-to-end digital transformation capabilities, we continue to target larger and longer-term contracts across both the public and private sectors. We are excited to embark on these partnerships and look forward to the opportunities they unlock for further growth and innovation."
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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018. The person responsible for this announcement is Steve Winters, Group CFO.
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Enquiries: TPXimpact Holdings PLC Bjorn Conway, Group CEO Steve Winters, Group CFO
Stifel Nicolaus Europe Limited (Nomad and Joint Broker) Alex Price Fred Walsh Ben Burnett |
Via Alma PR
+44 (0) 207 710 7600 |
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Dowgate Capital Limited (Joint Broker) James Serjeant David Poutney Russell Cook |
+44 (0) 203 903 7715 |
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Alma PR (Financial PR) Josh Royston Kieran Breheny Matthew Young |
+44 (0) 203 405 0209
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About TPXimpact
TPXimpact exists to transform the organisations, services and systems that underpin society and that drive business success. It applies strategic and creative thinking, technology, innovative design and user-centred approaches to bring about numerous improvements which together multiply the impact of change.
The Company works closely with its clients in agile, multidisciplinary teams that span organisational design, technology, and digital experiences. It shares a deep understanding of people and behaviours and a philosophy of putting people and communities at the heart of every transformation.
The business is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.65% of its client base representing the public sector and c.35% representing the commercial sector.
More information is available at www.tpximpact.com.
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