Big Sofa Technologies Group PLC

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GB00BZ1B7619

Delayed London S.E. Other stock markets 07:30:00 16/03/2020 GMT			5-day change	1st Jan Change
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2022	Big Sofa Technologies Group Ltd Reports Earnings Results for the Full Year Ended December 31, 2021	CI
2020	Big Sofa Technologies Group plc Reports Earnings Results for the Full Year Ended December 31, 2019	CI

Ipsos: new minimum purchase agreement of $300,000

October 04, 2019 at 07:22 am

RNS Number : 7422O

Big Sofa Technologies Group PLC

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 interna onal video analy cs 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 ini al 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 ini al commercial commitment represents a milestone in the growth of the rela onship 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 integra on 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 rela onship 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 analy cs 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 pla orm technology. We are innova ng both in how video-led projects and programmes are designed and in how the data is analysed, showcased, embedded and re-mined.

Our so ware pla orm 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 admi ed to trading on the London Stock Exchange's AIM market under the cker BST.L.

To find out more, visit www.bigsofatech.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.comor visit www.rns.com.

END

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Big Sofa Technologies Group plc published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 06:21:06 UTC

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Company Profile

Big Sofa Technologies Group PLC, formerly HubCo Investments PLC, is a holding company for Big Sofa Limited. The Company is a business to business (b2b) technology company that provides video analytics, serving both brand owners and market research agencies. The Company has built a platform developed in the Ruby language and using the Rails Web framework. Its platform enables users to ingest, manage, search and perform detailed analysis of video, images and audio content. It enables consumers to upload unstructured video content to its cloud-based analytics platform. The platform then transcodes and transcribes the data into a structured and downloadable archive of content. The platform can be used on a software as a service basis or in conjunction with its account teams. In addition to the analytics platform, the Company has developed a range of ancillary services for brands, agencies and consumers to upload video into the core platform.

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