Tribal Group PLC Kings College London Contract Win (2977K)
31 Diciembre 2020 - 5:16AM
UK Regulatory
TIDMTRB
RNS Number : 2977K
Tribal Group PLC
31 December 2020
31(st) December 2020
Tribal Group plc
("Tribal" or "the Group")
King's College London signs multi-year subscription for
Tribal:Cloud service
Tribal (AIM: TRB), a leading provider of software and services
to the international education market, announces that it has signed
a GBP3.1m, 5-year contract with Kings College London to provide the
university with its Tribal:Cloud service. The incremental revenue
from the contract is GBP2.1m, and includes an incremental Annual
Recurring Revenue value of approximately GBP0.3m per year,
commencing in June 2021.
An existing on-premise customer of Tribal Group, King's College
London has elected to migrate its current Student Management System
(SMS), SITS:Vision, to the Tribal SITS Cloud, providing an improved
student experience and delivering operational efficiencies for the
university.
Mark Pickett, Tribal's CEO, commented: "I am delighted that
Kings College London, one of the top research and teaching
universities in the world, has selected our cloud service for the
ongoing provision of their core student administration service.
This is a strong endorsement of the validity of our cloud-first
strategy. With a growing recognition across the global education
sector of the benefits the public cloud can provide, we are excited
by the opportunity ahead."
Tribal Group plc Tel: +44 (0) 117 311 5293
Mark Pickett, Chief Executive Officer
Paul Simpson, Acting Chief Financial
Officer
Ken Lewis, Company Secretary
Investec Bank plc (NOMAD & Joint Tel: +44 (0) 20 7597 5970
Broker)
Sara Hale, Virginia Bull, Will Godfrey
N+1 Singer Capital Markets Limited Tel: +44 (0) 20 7496 3000
(Joint Broker)
Shaun Dobson, Tom Salvesen, Alex
Bond,
Alma PR Tel: +44 (0)203 405 0205
Caroline Forde, Robyn Fisher, Josh
Royston, Molly Gretton
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education
software and services. Its portfolio includes Student Information
Systems; a broad range of education services covering quality
assurance, peer review, benchmarking and improvement; and student
surveys that provide the leading global benchmarks for student
experience. Working with Higher Education, Further and Tertiary
Education, schools, Government and State bodies, training providers
and employers, in over 55 countries; Tribal Group's mission is to
empower the world of education with products and services that
underpin student success.
This Statement has been prepared for and is addressed only to
our shareholders as a whole and should not be relied on by any
other party or for any other purpose. Tribal, its directors,
employees, agents or advisers do not accept or assume
responsibility to any other person to whom this Statement is shown
or into whose hands it may come and any such responsibility or
liability is expressly disclaimed. This Statement may contain
forward-looking statements. Any forward-looking statement has been
made by the directors in good faith based on the information
available to them up to the time of approval of this Statement and
should be treated with caution due to the inherent uncertainties,
including both economic and business risk factors, underlying such
forward-looking information. To the extent that this Statement
contains any statement dealing with any time after the date of its
preparation, such statement is merely predictive and speculative as
it relates to events and circumstances which are yet to occur and
therefore the facts stated and views expressed may change. Tribal
undertakes no obligation to update these forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTTBBBTMTBJBTM
(END) Dow Jones Newswires
December 31, 2020 06:16 ET (11:16 GMT)
Tribal (LSE:TRB)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Tribal (LSE:TRB)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024