KRM22 signs major customer contract

KRM22 plc (LON:KRM), the technology and software investment company, with a particular focus on risk management in capital markets, has announced the signing of a major customer contract for a suite of the Company’s risk management products.

The Company is pleased to announce it has completed the signing of the UK Brokerage firm referenced in the Company’s trading update of 21 July 2020.  The four-year contract, worth £1.2m over the life of the contract, covers a wide range of the Group’s products delivered via the Global Risk Platform including the Company’s ‘At Trade’ and ‘Post Trade’ Market Risk modules, in addition to the Market Surveillance module. 

The contract win increases the Group’s ARR by £0.3m and the Group’s undisputed ARR is currently at £4.3m. 

Keith Todd CBE, Executive Chairman and CEO commented: ‘This is an important contract for us and the customer.  It demonstrates the value of the Global Risk Platform integration of our offerings to help reduce cost and complexity for customers.  The broker is able to have access to leading edge tools from one portal helping to cost effectively manage the growth in its business.’ 

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