TIDMDRUM

Drumz PLC

30 March 2021

30 March 2021

This is a non-regulatory announcement

Drumz plc

('Drumz' or the 'Company')

Contract win 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 a contract worth a total of GBP330,000.

The new contract with a non departmental public body of the UK Government is worth GBP305,000 over three years for software licences and GBP25,000 in the first year for consulting.

Simon Marvell, CEO of Acuity, said "We are delighted to win this significant contract. It shows the confidence that large organisations have in Acuity and our STREAM (TM) product as a long term solution for their risk management. Also, it demonstrates the rising value of orders won." www.acuityrm.com

Angus Forrest said "This substantial order is a tribute to the successful implementation of the programmes to develop the STREAM product into an enterprise solution also the development of the marketing and sales programmes. We look forward to announcing further contract wins as Acuity grows its market share."

 
 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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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

NRADKCBDNBKDCNB

(END) Dow Jones Newswires

March 30, 2021 02:00 ET (06:00 GMT)

Drumz (LSE:DRUM)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024 Haga Click aquí para más Gráficas Drumz.
Drumz (LSE:DRUM)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024 Haga Click aquí para más Gráficas Drumz.