New Customer Contract

In brief · summary, not quotable

KRM22 plc has announced a new customer contract for its Risk Manager application, valued at £0.9 million spread over three years with a major capital markets software vendor. This brings the total Annual Recurring Revenue (ARR) attributable to the Risk Manager application to £3.2 million, with £2.8 million from Risk Manager contracts and £0.4 million from legacy contracts. Following this new agreement, the Group's total ARR has increased to £8.4 million at current exchange rates, reflecting progress in the company's growth strategy.

Full announcement

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KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, is pleased to announce the signing of a new customer contract for the Risk Manager application.

The contract, with a value of £0.9m split equally over three years, is with a major software vendor in the capital markets industry. This customer is the second software vendor to adopt the Risk Manager application; further highlighting the value of its integrated solutions and the reach of its technology within the capital markets ecosystem.

Since the launch of the Risk Manager application in early 2024, the total value of the Company’s Annual Recurring Revenue (“ARR”) attributable to this application is £3.2m. Of this, £2.8m is attributable to Risk Manager contracts, with the remaining £0.4m from four customers on legacy At-Trade and Post-Trade contracts. Efforts continue to transition these legacy contracts to the Risk Manager application.

Following execution of this contract, and at current GBP:USD exchange rates, the Group’s ARR as at the date of this announcement has increased to £8.4m.

Dan Carter, CEO commented: “This contract win further validates the market opportunity for Risk Manager and demonstrates continued industry demand for KRM22's integrated risk management solutions. The increase in ARR to £8.4m reflects the progress we are making in executing our growth strategy towards creating a cash generative and profitable business.”

The information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

See more about KRM22 at KRM22.com

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