Rosslyn announced that it has secured two new contracts worth GBP 422,000 in aggregate over a multi-year period and equating to an additional GBP 120,000 in annual recurring revenue. The first contract, which was awarded to Rosslyn under a competitive tender, is from a blue-chip European med-tech company which sells its products via its 9,000+ shops and outlets in over 20 countries. The customer is adopting a procurement and spend analytics platform as it seeks to increase efficiency and reduce costs across its supply chain.

The second contract is with an international consultancy that provides services and solutions to the transport industry and is utilising the Rosslyn platform on behalf of a UK train operating company. Both contracts, which are for the provision of the Rosslyn procurement and spend analytics platform, represent the conversion of pipeline stemming from the end of the 2023 financial year.