REG - itim Group PLC - Contract Win with The Entertainer

ITIMAnnouncement

23/04/2024 07:00

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RNS Number : 5607L  itim Group PLC  23 April 2024

23 April 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win with The Entertainer

 

itim Group plc, a SaaS based technology company that
enables store-based retailers to optimise their businesses to improve
financial performance, is pleased to announce that it has signed an
additional professional services contract with toy retailer The Entertainer.

 

This significant services contract follows the recent announcement that The
Entertainer Toy Shops will be opening in over 800 Tesco stores across the UK
and Ireland, extending their partnership following a successful year long
trial. The partnership will also see Tesco enter a supplier agreement with The
Entertainer for the supermarket's stores across Central Europe. The
Entertainer has signed this contract with itim to extend its use of itim's
Unify Platform offering to power the new partnership with Tesco's.

 

itim's Unify platform known previously as The Retail Suite provides its
customers with a full omni-channel offering which allows retailers to drive
sales and profitability by adopting the principles of Unified Retailing.

 

The execution of this contract is in line with the Company's financial
expectations for the current financial year.

 

Ali Athar, Chief Executive Officer, commented:

"We are delighted to have been selected by The Entertainer to help power this
exciting new partnership with Tesco. This is a significant endorsement of
itim's product set and we look forward to working with The Entertainer in
making the project a great success."

 

Enquiries:

 

 Itim Group plc                   Ali Athar, CEO      0207 598 7700

                                  Ian Hayes CFO

 WH Ireland (NOMAD & Broker)      Katy Mitchell       0207 220 1666

                                  Harry Ansell

                                  Darshan Patel

 IFC Advisory                     Graham Herring      0207 3934 6630

                                  Florence Chandler

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive
Officer, Ali Athar. itim was initially formed as a consulting business,
helping retailers effect operational improvement. From 1999 the Company began
to expand into the provision of proprietary software solutions and by 2004 the
Company was focused exclusively on digital technology. itim has grown both
organically and through a series of acquisitions of small, legacy retail
software systems and associated applications which itim has redeveloped to
create a fully integrated end to end Omni-channel platform.

 

 

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