Channel Partner Update
Actual Experience plc
(the "Company" or "Actual Experience")
Channel Partner Update
Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce that, further to the announcement made on 8 August 2017, the value of the original Open Purchase Order ("PO") received from one of its channel partners has doubled. The original PO value has been utilised to support recent monthly sales invoices and the increased value of the PO is required to facilitate future billings.
This uplift in order value reflects continued commercial momentum with this partner. Specifically, the PO will enable the partner to undertake deployments with an increasing number of its customers without the need to submit individual orders for each new customer and deployment stage. As before, this expanded PO has no set time limit and therefore does not represent a revenue commitment within a specific timeframe.
Dave Page, CEO of Actual Experience, commented: "The need for a larger Open Purchase Order is indicative of the underlying commercial traction that has been achieved with our partner. This is important commercial progress and we look forward to announcing further successes in due course".
Actual Experience plc via Alma PR
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
N+1 Singer Advisory LLP Tel: +44 (0)207 496 3000
Josh Royston Tel: +44 (0)7780 901979
Caroline Forde Tel: +44 (0)7779 664584
Robyn Fisher Tel: +44 (0)7540 706191
About Actual Experience
Actual Experience's analytics provide the digital Voice of the Customer. This is a real-time, data-driven view of what end users would say about the quality of a company's digital products and services, and why. Our customers can analyse everything that impacts the experience quality in their digital supply chains, for any service, type of user or the Internet of Things. It gives them complete transparency from the point of provision to the point of use and whether inside or outside their business's control. The insights can be used to make continuous improvements to their business performance.
Actual Experience is a listed-company on the London Stock Exchange (ACT). Our development Headquarters are in Bath, UK, and we also have offices in London. Actual Experience's unique digital analytics as a service is founded on ten years of cutting-edge research at Queen Mary University of London.
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Quick facts: Actual Experience PLC
Market Cap: £52.8 m
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