Announcement
itim Group plc - Five year contract renewal with Majestic Wine
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.
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