Big Sofa Technologies Group PLC Ipsos: new minimum purchase agreement of $300,000 (7422O)
04 Outubro 2019 - 3:00AM
UK Regulatory
TIDMBST
RNS Number : 7422O
Big Sofa Technologies Group PLC
04 October 2019
04 October 2019
Big Sofa Technologies Group plc
("Big Sofa Technologies" or the "Company")
Ipsos: new minimum purchase agreement of $300,000
Big Sofa Technologies (AIM:BST), an international video
analytics provider to the consumer insight industry, announces a
new agreement with two divisions of Ipsos for an annual minimum
purchase commitment totalling $300,000.
This initial 12-month minimum purchase commitment will grant the
Ipsos companies access to Big Sofa Technologies' proprietary
platform and core technical services on a fully integrated
basis.
This initial commercial commitment represents a milestone in the
growth of the relationship with Ipsos which commenced in 2017 and
developed further in 2018 when Ipsos became a significant
shareholder in Big Sofa Technologies. It also marks ongoing
progress against the strategic goal of closer integration.
Kirsty Fuller, Chief Executive Officer of Big Sofa Technologies,
commented:
"This minimum purchase agreement deepens a mutually beneficial
partnership. Strengthening our integration with Ipsos is part of
Big Sofa Technologies' strategic roadmap which includes the launch
of jointly developed products and embedding Big Sofa Technologies
in Ipsos' workflows and processes. I look forward to this
relationship going from strength to strength."
Enquiries:
Big Sofa Technologies Group plc +44 (0)20 7357 0033
Kirsty Fuller, CEO
Joe MacCarthy, CFO
Arden Partners plc (Nominated Adviser
and Joint Broker) +44 (0)20 7614 5900
Paul Shackleton / Ben Cryer
Tim Dainton (Head of Distribution)
Novum Securities (Joint Broker) +44 (0)20 7399 9427
Colin Rowbury
About Big Sofa Technologies Group plc
Big Sofa Technologies is an insight-led technology company. The
design and development of our technology has been guided by expert
understanding of the insight and analytics industries and the
needs, pressures and business questions of the clients they
serve.
We uncover and analyse new-to-the-industry behavioural data sets
in video, enabled by the power of our pioneering data capture and
platform technology. We are innovating both in how video-led
projects and programmes are designed and in how the data is
analysed, showcased, embedded and re-mined.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video enabling our clients, which
include leading market research and data companies and major
household brands, to perform detailed and sophisticated consumer
insight analysis and make genuine use of video content.
Big Sofa Technologies' shares are admitted to trading on the
London Stock Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech
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END
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