Tribal Group PLC Contract Win (2732B)
06 Ottobre 2020 - 03:31PM
UK Regulatory
TIDMTRB
RNS Number : 2732B
Tribal Group PLC
06 October 2020
6(th) October 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 contract with Arden University for its SITS:Vision Student
Management System. The contract is for five years and has a total
contract value of GBP2m, including Annual Recurring Revenues of
approximately GBP175k per year. There is an option to extend for an
additional two years at the end of the initial contract period and
then extend for a further two years beyond that.
The contract with Arden University is strategically significant
as it is the third full system deal Tribal has closed this year and
shows the continuing momentum in this part of the business.
Mark Pickett, Tribal's CEO, commented: "I am delighted that
Arden University, a pioneering expert in the provision of flexible
online learning has selected Tribal SITS:Vision to deliver their
student management system. This will provide Arden with a
functionally rich, modern, cloud-based solution to support the full
student lifecycle from recruitment to graduation. With our cloud
solutions, we are well-positioned to assist our customer,
particularly as they cope with the challenge of the Covid-19
pandemic."
END
Tribal Group plc Tel: +44 (0) 117 311 5293
Mark Pickett, Chief Executive
Officer
Paul Simpson, Acting Chief Financial
Officer
Ken Lewis, Company Secretary Tel: +61 (0) 412 80 60 40
Investec Bank plc Tel: +44 (0) 20 7597 5970
Sara Hale
Virginia Bull
Will Godfrey
N+1 Singer Capital Markets Limited Tel: +44 (0) 20 7496 3000
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.
END
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END
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(END) Dow Jones Newswires
October 06, 2020 09:31 ET (13:31 GMT)
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