TIDMACT

RNS Number : 1542H

Actual Experience PLC

26 July 2023

26 July 2023

Actual Experience plc

(the "Company", "Actual Experience", or "Actual")

Letter of Intent signed with Logicalis to seek first customer for new joint DWMP-based product offering

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce that it has signed a Letter of Intent with Logicalis International Limited ("Logicalis") to secure the first customer for a new joint product offering based on Actual's Digital Workplace Management Platform ("DWMP") and delivered through Logicalis' Digital Fabric Platform ("DFP") which provides their managed services customers with a real-time view of digital infrastructure across cloud, security, workplace, and connectivity.

Logicalis is one of three main operating divisions of Datatec, a major technology and services group with annual revenues of $4.6bn, operating in over 50 countries and with more than 10,000 customers.

This joint offering leverages the new DWMP Light option, developed by Actual with the aim of reducing lengthy enterprise sales cycles in response to market feedback. The core components of the DWMP Light align very well to the market that Logicalis primarily operates in, and the Company expects that this partnership will lead to a consistent flow of new contracts in time.

There will be two standard use cases of the DWMP Light option within the DFP:

1. Baseline Impact - quantifies the high-level business impact of a customer's digital ecosystem on both employee experience and business productivity, enabling CIOs to communicate more strategically with their C-Suite.

2. Baseline Ecosystem - pinpoints specific internal and third-party components of the digital ecosystem that have the most significant impact on key business metrics such as productivity, employee experience and equality. With this offering, the CIO can better manage suppliers and/or form the business case for the improvement of their digital ecosystem.

Toby Alcock, Group CTO for Logicalis said: "I'm really excited about Actual Experience as I believe the product is unique in the market and can really add value to our "Employee Experience" scores in our Digital Fabric Platform, the award winning solution that gives our customers a single pane of glass to benchmark their technology suite's performance across employee experience, environmental impact, economics, security, and availability and gain valuable insights as to how to make improvements. My vision is to have Actual Experience integrated into DFP and available as an add-on for all our customers, which gives us a healthy, automated margin as well as the differentiation and leadership, which are the principles of DFP we strive for."

Roy Jugessur, Chief Revenue Officer of Actual Experience, said: "We are delighted to be working with Logicalis. Their strength in the upper mid-market and lower enterprise scale customers is highly attractive as we seek to add prospects to our pipeline that typically make quicker purchasing decisions than the large enterprises we are currently engaged with."

Iain McCready, Actual's newly appointed CEO commented: " This is an incredibly exciting time for the Company as we see increasing market interest for our new DWMP product. This important technology relationship with Logicalis has the potential to deliver multiple fast-moving sales opportunities in their global international customer base."

   For further information visit www.actual-experience.com   follow on twitter @ActualExp, or contact: 
 
  Actual Experience plc               Tel: +44 (0)207 
   Iain McCready, CEO                  129 1474 
   Steve Bennetts, CFO 
  Singer Capital Markets Advisory     Tel: +44 (0)207 
   LLP                                 496 3000 
   Shaun Dobson 
   James Fischer 
  Turner Pope Investments (TPI)       Tel: + 44 (0)203 
   Ltd                                 657 0050 
   James Pope 
   Andy Thacker 
  Flagstaff Strategic and Investor    Tel: +44 (0)207 
   Communications                      129 1474 
   Tim Thompson                        actual@flagstaffcomms.com 
   Mark Edwards 
   Andrea Seymour 
   Anna Probert 
 

About Actual Experience

Actual Experience's goal is to make the digital world work for everyone, everywhere, all of the time. As the working world evolves post-pandemic, the global shift to a flexible hybrid model has brought with it a significant challenge; how do businesses create an environment that gives their people what they need to thrive, whilst protecting the commercial efficiency of the business and driving growth at the same time?

For further information please visit www.actual-experience.com

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July 26, 2023 02:00 ET (06:00 GMT)

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