News Column

Rosslyn Data Technologies To Meet Expectations On New Contract Wins

June 9, 2014

Hana Stewart-Smith

LONDON (Alliance News) - Rosslyn Data Technologies Group PLC said Monday its results for the year to end-April met its expectations, as it continued to make progress following its initial public offering on AIM on April 29.

Rosslyn operates a cloud-based data analytics platform.

The company said that since admission to trading, the company has signed up six new customers, including Ceva Group PLC and Electrocomponents PLC. It added a new partnership customer in Spain-based BiyCloud IbÉrica, and secured two new contracts with existing companies.

Rosslyn said it continued to invest in its sales, marketing and client relationship teams in the UK, US and Europe. It bolstered its sales team by hiring Lance Mercereau as chief marketing officer and Paul Cook as vice president of global sales.

It said it expects to announce its full-year results in the first half of August.

"The growth we have achieved since the IPO demonstrates that Rosslyn is taking advantage of the major opportunity in the cloud data analytics market," said Chief Executive Charles Clarke in a statement. "Following our successful IPO, we are delivering what we promised our new shareholders, and we are excited and confident about the future."

Shares in Rosslyn were trading up 2.4% at 31.50 pence Monday.

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Source: Alliance News

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