Dev Clever Holdings PLC Contract (4644K)
02 Septiembre 2021 - 01:00AM
UK Regulatory
TIDMDEV
RNS Number : 4644K
Dev Clever Holdings PLC
02 September 2021
2 September 2021
Dev Clever Holdings plc
("Dev Clever" or "the Company")
Partnership with Aldebaron DMCC - definitive documentation
signed
Dev Clever, a leading developer of online and immersive career
guidance and development platforms and consumer engagement
experiences is pleased to announce that further to the 21 June 2021
RNS, the detailed documentation of the first phase of the tactical
partnership with Aldebaron DMCC ("Aldebaron") has now been agreed
and signed.
Under the terms of the partnership and as part of the first
implementation phase, the National Careers Challenge ("NCC") will
be launched in the UK on 30 September 2021. Concurrently, plans for
an Indian NCC are anticipated to be finalised in Q4 2021 for full
scale launch during the first half of 2022.
Aldebaron has made specific revenue commitments to Dev Clever
across the collaboration period for a minimum amount of US$50
million with the first phase being US$5 million to be accounted for
in this financial year ending 31 Oct 2021 and subsequently in US$
million: 10 FY22, 15 FY23, 20 FY24.
Aldebaron is a Dubai based organisation focused on the
distribution, delivery and implementation of consumer facing
technology and next generation impactful digital solutions into
emerging markets across the world. Its initial platform
capabilities are expected to go live in Q4 2021.
Chris Jeffries, CEO Dev Clever, said:
"I am delighted to confirm that documentation for the first
phase of our exciting partnership with Aldebaron is now complete.
The rollout will generate minimum guaranteed revenues of US$50
million for Dev Clever over the next 4 years and we are excited
about the imminent UK launch of the NCC at the end of
September."
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended).
-ends-
For further information please contact:
Dev Clever Holdings plc
Christopher Jeffries
Chief Executive Officer and Executive
Chairman
Nicholas Ydlibi
Chief Financial Officer +44 (0) 1827 930 408
Novum Securities Limited - Financial
Adviser and Broker
David Coffman / Colin Rowbury +44 (0) 20 7399 9400
Buchanan Communications
Richard Oldworth / Chris Lane +44 (0) 207 466 5105
Notes to Editors:
Dev Clever Holdings plc, together with its wholly-owned
subsidiaries, is a software and technology group based in Tamworth,
United Kingdom, specialising in the use of lightweight integrations
of cloud-based VR and gamification technologies to deliver rich
customer engagement experiences across both the education and
commercial sectors. In January 2019, Dev Clever listed on the
Standard List of the London Stock Exchange. The Group's core focus
is the development and commercialisation of its core platforms -
Educate (its primary focus) and Agency Services (its secondary
focus).
Educate Division:
Through Educate, Dev Clever aims to reduce the global skills
shortage by delivering an enhanced careers guidance service via its
online platform, Launchmycareer.com, and virtual reality software
(Victar VR). The business has established a global partnership with
Lenovo to roll out its service worldwide, with offerings already on
the market in the UK, US and Canada. Dev Clever is also focused on
the Indian market and has partnered with its National Independent
Schools Alliance (NISA) and content provider Veative to provide a
comprehensive service offering within Indian budget private
schools. Through this, the business has been developing and has
launched a direct-to-consumer offering in India.
Agency Services:
The Company's Agency Services division provides customers from
the retail, brand and hospitality sectors with bespoke application
and customisation of the Group's proprietary cloud-based products
in order to incentivise consumer participation, increase
engagement, improve transactional efficiencies and enhance the user
experience. The wealth of experience gained having successfully
provided hundreds of digital consumer and employee incentive
experiences for global brands, businesses and educators via the
Company's proprietary platform, Engage, is now focused on enabling
employers to better engage with existing employees to up-skill them
and to identify their future workforce via the Launchmycareer.com
platform. The division is being re-branded to Launchmycareer.com
Professional Services.
For further information, please visit
www.devcleverholdingsplc.com
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END
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