Trading Statement
Arcontech Group PLC has secured a new 3-year contract valued at approximately £800,000 with a major European bank for its CityVision real-time market data platform, with revenue recognition expected to begin in the third quarter of 2026. This new customer win highlights the platform's ability to integrate multiple data sources and offers significant expansion potential within the bank's broader market data infrastructure. The company also reported that its performance for the full year ending 30 June 2026 is in line with market expectations for both revenue and profit.
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ARCONTECH GROUP PLC
("Arcontech" or the "Company")
Client Win/Trading update
Arcontech (AIM: ARC), the provider of software products and services for the management of real-time financial market-data, is pleased to announce that it has secured a new contract for its CityVision real-time market data platform to enable multiple data sources to be consumed by various applications written in different programming languages.
Following a successful bidding process, Arcontech has signed a 3-year contract with a total value of approximately £800k with a major European bank for deployment of its software in various areas within its trading infrastructure. The contract is with a new customer and has strong expansion potential across the customer's wider market-data estate, with revenue recognition expected to commence in calendar Q3 2026.
As a vendor agnostic market data platform, Arcontech CityVision provides a cost-effective alternative to existing platforms and the flexibility to choose any source of data to avoid "vendor lock-in". Arcontech CityVision is relied upon by some of the largest global banks.
The Company would also like to advise that current performance for the full year ended 30 June 2026 for both revenue and profit is in line with market expectations.
Financial expectations noted above are preliminary and are subject to year-end and financial close and audit review processes.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.