23rd Oct 2014 08:56
LONDON (Alliance News) - Rosslyn Data Technologies PLC Thursday said the business has made good progress since its IPO earlier this year, and it is on track with its "strategy plans".
In an annual general meeting statement to shareholders, the analytical services provider said it has been focused on delivering on its growth expectations for the current financial year and the next.
"We have been concentrating our attention on opportunities to partner with other organisations to deliver the RAPid platform to as wide an audience as possible. This process is far from complete but we are extremely satisfied with progress to date," said Chairman John O'Hara in the statement.
The company said its US business, Rosslyn Analytics Inc, has signed an initial contract with an outsourcing company to deliver an analytics solution to one of their clients using the RAPid platform.
Rosslyn said it believes there are "further opportunities for this relationship to develop both in the UK and the US".
The company said it recently released two new applications, Intouch and PRISM. Intouch allows its clients to tap into valuable information that their customers, suppliers and employees hold. PRISM helps data analysts solve the problem of categorising unstructured data so that it can be analysed.
"We believe these applications, fully integrated into the RAPid platform, will continue to drive ever more differentiation between us and others," said O'Hara.
Rosslyn shares were down 5% Thursday morning at 19.00 pence per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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