REG - itim Group PLC - Five year contract renewal with Majestic Wine

ITIMAnnouncement

15/05/2024 07:00

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RNS Number : 4033O  itim Group PLC  15 May 2024

15 May 2024

 

itim Group plc

 

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

 

Five year contract renewal with Majestic Wine

 

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 a five year
multi-million-pound contract renewal with Majestic Wine, the UKs largest
specialist retailer with over 200 stores.

 

The subscription renewal for itim's UNIFY platform supports retail, B2B and
direct to consumer sales covering processes such as EPOS, e-commerce,
PIM, stock management, merchandising, supplier management, pricing and
promotions, customer order management, customer management, B2B customer
accounts and website & business intelligence.   UNIFY provides a single
view of customer, product and real time stock across all channels.

 

John Colley, CEO Majestic Wine, commented:

"In 2021, Majestic selected itim's UNIFY platform as its technology
partner.  Together we have turned Majestic into what we believe to be one of
U.K.'s leading Omni channel retailers. I am pleased to extend this partnership
to cover Majestic's next five year digital journey."

 

Ali Athar, CEO itim Group plc, commented:

"We are delighted to be continuing our relationship with such a prestigious
retail brand. This five year renewal is an endorsement of Majestic's
confidence in our UNIFY platform which seeks to help retailers achieve
omni-channel excellence by driving sales and profitability by putting 'the
customer' at the heart of Majestic's unified retail business model."

 

This is in line with management expectations for the current financial year.

 

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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