RNS Number : 9814V
Panoply Holdings PLC (The)
13 August 2020
13 August 2020
The Panoply Holdings PLC
("The Panoply", or the "Group")
Significant contract wins
Two digital transformation projects to be delivered for HM Land Registry
The Panoply Holdings PLC, the technology-enabled services group focused on digital transformation, is pleased to announce two significant contracts signed with HM Land Registry by Group companies FutureGov and Notbinary.
The two contracts were awarded to FutureGov and Notbinary in response to separate bids placed on the Government's digital marketplace and are worth a value of up to £3.2m and £1.6m respectively. The contracts, which are already accounted for in the Board's forecasts, are expected to be up to 24 months long.
The Group's ability to secure these contracts validates the strength of its differentiated offering to the public sector and demonstrates the increasing scale and value of the projects it is now delivering.
FutureGov was selected over 25 other bids and will be the client's user-centred design research and capability partner within its digital and data transformation programme. Notbinary was selected over 36 other bids to become HM Land Registry's partner specialising in Product Management, helping to build knowledge and capability within the organisation in the delivery and transformation of digital service development and the continuous improvement of user centred land registration services.
These two projects demonstrate well the different types of opportunities available to the Group and which its two full stack brands: FutureGov and Foundry4 (which Notbinary now sits under), have been designed to address. FutureGov focuses on CEO/COO type economic buyers looking at digital transformation through the lens of organisational change and end-to-end service design including technology whereas Foundry4 is focused on CTO/CIOs looking to enable digital transformation through the adoption of hyper scale cloud, data analytics, machine learning and automation.
Neal Gandhi, CEO of The Panoply commented:
"To win both bids and secure contracts worth up to £4.8m shows that our approach of bringing together experts across the full spectrum of digital transformation services is resonating with clients. In this case, HM Land Registry know that they have world class experts in user centred design as well as product management yet in a single group that has proven its ability to work to bring those two work streams together as required to deliver an end to end service.
This is our second contract win worth more than £4m so far this financial year and it is in addition to the £13m in new contract wins announced in the trading update issued on July 21 2020. The win gives us further confidence in our forecasts for the current financial year."
About The Panoply
The Panoply is a digitally native technology services company, built to service clients' digital transformation needs. Founded in 2016, with the aim of identifying and acquiring best-of-breed specialist information technology, design and innovation consulting businesses, the Group collaborates with its clients to deliver the technology outcomes they're looking for at the pace that they expect and demand.
The Group is being increasingly recognised as a leading alternative digital transformation provider to the UK public services sector, with c.70% of its client base representing the public sector and c.30% representing the commercial sector.
More information is available at www.thepanoply.co m
FutureGov is a change agency, on a mission to build 21st-century public institutions that are catalysts for change in the internet and climate era.. Using digital tools and design approaches of the digital age, we support organisations through digital transformation and service design, building on the best of places to organise for change and radically improve outcomes for communities in the 21st century.
Find out more at www.wearefuturegov.com
foundry4 is a fresh new transformation business that works with organisations to help them thrive in the digital economy. Connecting insights, design, technology and data we accelerate growth and deliver sustainable change.
Combining the extensive technology and experience capabilities of Notbinary and Arthurly with the deep industry insight of DisruptionHub we help organisations across the private, public and health sectors to think differently and deliver more
Find out more at www.wearefoundry4.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.