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RedstoneConnect Plc

Redstoneconnect PLC Multi-million pound OEM for OneSpace

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.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.