Redstoneconnect PLC (LON:REDS), a leading provider of technology and services for smart buildings and commercial spaces, has today announced it has signed an OEM (‘Original Equipment Manufacturer’)contract for OneSpace™, the Company’s workspace occupancy management software solution, with a market-leading global technology business (the “Client”).
The contract is worth in excess of £2 million and allows the Client to embed OneSpace™ into their hardware solutions.
Mark Braund, CEO of RedstoneConnect commented:
“Not only is this the single largest contract we have signed for OneSpace™, but it is also our first major contract to embed our software into a third party solution. We have previously made the market aware of our ambitions to sell OneSpace™ through both direct and indirect channels and this is the first of what we believe to be a number of deals as we look to build our distribution network internationally.
“To secure a contract with an organisation with the scale and market reach of the Client is a fantastic endorsement of the quality of our OneSpace™ platform. It also aligns with our ambition to become a leading solutions provider in the smart workplace market, as we continue to experience positive momentum across RedstoneConnect’s business divisions.”