Ten partners with Graebel on Executive transitions
Ten Lifestyle Group plc has partnered with Graebel Companies, Inc. to launch Catalyst, a new executive transition service that combines structured support with Ten's concierge service to assist senior leaders and their families with relocation. This contract is anticipated to be classified as a "Small" contract, with an annualised value below £0.25 million, though it holds potential for future growth. The company views this as an opportunity to expand its technology-enabled service model into new verticals beyond financial services, specifically targeting the employee relocation market.
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Ten Lifestyle Group plc (AIM: TENG), a leading global customer experience and loyalty platform for financial institutions and other premium brands, is pleased to announce that it has partnered with Graebel Companies, Inc., a global leader in workforce mobility and managed services, on the launch of Catalyst, a new executive transition experience designed to help leaders arrive ready to perform from day one.
Catalyst combines structured transition support with Ten's technology-enabled concierge service to help senior leaders and their families settle quickly following a move. This contract is expected to be categorised as a Small1 contract with the potential to grow.
1 Ten categorises its corporate client contracts based on the annualised value paid, or expected to be paid, by the corporate client for the provision of concierge and related services by Ten as: Small contracts (below £0.25m); Medium contracts (between £0.25m and £2m); Large contracts (between £2m and £5m); and Extra Large contracts (over £5m). This does not include the revenue generated from suppliers through the provision of concierge services.
Alex Cheatle, CEO of Ten Lifestyle Group, said;
"We are pleased to support the launch of Catalyst and look forward to building a partnership with Graebel.
This launch demonstrates how Ten's technology and digitally enabled service model can be applied in new verticals, in this case the Employee vertical, supporting senior executives. It reflects the strength of our customer experience platform in addressable markets beyond financial services."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.