Tribal Group PLC Contract Win (0763W)
13 Agosto 2020 - 12:29PM
UK Regulatory
TIDMTRB
RNS Number : 0763W
Tribal Group PLC
13 August 2020
13(th) August 2020
Tribal Group plc
("Tribal" or "the Group")
Contract Win
Tribal (AIM: TRB), a leading provider of software and services
to the international education market, today announces that it has
signed a A$10m (GBP5.5m) contract with the University of Sydney to
provide the university with its SITS:Cloud service. The contract is
for 5 years, with an option to extend 2 further years, and has an
Annual Recurring Revenue value of approximately GBP0.5m per
year.
Mark Pickett, Tribal's CEO, commented: "I am delighted that the
University of Sydney, one of the world's leading universities, has
selected Tribal's SITS:Cloud service for the provision of a
critical student service. This will provide Sydney with the high
quality and secure student administration service that is essential
for an excellent student experience, a key ingredient for success
in an increasingly competitive Higher Education market.
We see growing demand for cloud services in the Education
sector, which may further increase as a result of the Covid-19
pandemic. Our SITS:Cloud service is uniquely positioned to assist
customers in addressing those challenges. "
END
Tribal Group plc Tel: 0117 311 5293
Mark Pickett, Chief Executive
Officer
Paul Simpson, Acting Chief
Financial Officer
Investec Bank plc Tel: 020 7597 5970
Sara Hale
Virginia Bull
Will Godfrey
N+1 Singer Capital Markets Tel: 020 7496 3000
Limited
Shaun Dobson
Tom Salvesen
Alex Bond
About Tribal Group plc
Tribal Group plc is a pioneering world-leader of education
software and services. Its portfolio includes Student Information
Systems; a broad range of education services covering quality
assurance, peer review, benchmarking and improvement; and student
surveys that provide the leading global benchmarks for student
experience. Working with Higher Education, Further and Tertiary
Education, schools, Government and State bodies, training providers
and employers, in over 55 countries; Tribal Group's mission is to
empower the world of education with products and services that
underpin student success.
This Statement has been prepared for and is addressed only to
our shareholders as a whole and should not be relied on by any
other party or for any other purpose. Tribal, its directors,
employees, agents or advisers do not accept or assume
responsibility to any other person to whom this Statement is shown
or into whose hands it may come and any such responsibility or
liability is expressly disclaimed. This Statement may contain
forward-looking statements. Any forward-looking statement has been
made by the directors in good faith based on the information
available to them up to the time of approval of this Statement and
should be treated with caution due to the inherent uncertainties,
including both economic and business risk factors, underlying such
forward-looking information. To the extent that this Statement
contains any statement dealing with any time after the date of its
preparation, such statement is merely predictive and speculative as
it relates to events and circumstances which are yet to occur and
therefore the facts stated and views expressed may change. Tribal
undertakes no obligation to update these forward-looking
statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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August 13, 2020 06:29 ET (10:29 GMT)
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