Arcontech Group PLC Extended Agreement with Client (4904H)
August 18 2016 - 2:01AM
UK Regulatory
TIDMARC
RNS Number : 4904H
Arcontech Group PLC
18 August 2016
ARCONTECH GROUP PLC
("Arcontech", the "Company" or the "Group")
Extended Agreement with Client
Arcontech (AIM: ARC), the provider of products and services for
real-time financial market data processing and trading, is pleased
to announce it has extended its agreement with an existing customer
which will provide additional revenues of approximately GBP285,000
pa. With new Linux based software subscribed to on a recurring
license basis, the client can now take advantage of Arcontech's
continuous investment in keeping ahead of technological advances,
for example the ability to interface with Open MAMA and Solace.
The new agreement also sees the client subscribe to the
Arcontech Symbol Mapper which as well as mapping one symbol to
another will enable the creation of its own instruments from
internal data and to re-purpose that content across the group. This
reduces the requirement to source the same instrument prices from
third party vendors.
Matthew Jeffs, Arcontech's CEO, commenting on the new agreement
said:
"We very much enjoy working with progressive clients where our
exceptional domain knowledge of real-time market data, coupled with
our clients experience and wishes means we can offer the very best
solutions. Our goal is to help create flexibility and choice for
our clients against other suppliers who wish to lock them into
their platforms. Ultimately our independent outlook means our
clients can choose the most suitable content, transport layer and
infrastructure for their data user's needs, whilst invariably
making huge cost savings".
Enquiries:
Arcontech Group plc
Richard Last, Chairman and
Non-Executive Director 07713 214484
020 7256
Matthew Jeffs, Chief Executive 2300
finnCap Ltd (Nomad & Broker)
020 7220
Carl Holmes/Simon Hicks 0500
To access more information on the Group please visit:
www.arcontech.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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