Drumz PLC Contract wins by investee company
March 23 2021 - 3:00AM
RNS Non-Regulatory
TIDMDRUM
Drumz PLC
23 March 2021
23 March 2021
This is a non-regulatory announcement
Drumz plc
('Drumz' or the 'Company')
Contract wins by investee company
Drumz plc (AIM:DRUM) is pleased to announce that, Acuity Risk
Management Limited ('Acuity'), in which Drumz has a 20%
shareholding with an option to acquire a further 5%, has secured
two contracts worth a total of GBP290,000.
The first is a new contract with an NHS Trust worth GBP184,000
over three years being a combination of software licences and
consulting. The other is the renewal of a software contract with a
US insurance company for an additional two years.
Simon Marvell, CEO of Acuity, said "We are proud to announce
these contracts, both are important as they show the increasing
number and value of the opportunities we are generating and the
confidence of organisations in our STREAM product and related
services."
Angus Forrest said "These developments begin to demonstrate that
the work put in to develop Acuity's STREAM product is driving
demand and the revisions to the commercial infrastructure are
beginning to deliver higher value contracts."
For further information please
contact:
Drumz Plc www.drumzplc.com
Angus Forrest +44 (0) 20 3582 0566
Note to Editors
Drumz plc
Drumz plc (AIM): DRUM) is an investing company focused on
investing in and acquiring established software businesses that own
good technology, have quality customers and which could better
exploit their assets and accelerate their growth with the injection
of experienced management and new funds.
Drumz will, where necessary, make available some of its
experienced management team and provide finance to facilitate the
necessary changes, so that the value of the businesses in which
Drumz invests will be transformed over a two to four year period.
In due course, the new Directors expect to dispose of such
businesses, in whole or in part, in order to realise value for
Drumz and its shareholders.
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