#VELA Vela Technologies PLC – Investee company Northcoders Group #CODE Rolls Royce Contract Win December 14, 2022 – Posted in: Blog, Vela Technologies Plc (VELA) – Tags: business solutions, finance, financial, investee, investment
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.
14 December 2022
Northcoders Group plc
(‘Northcoders’ or the ‘Company’)
Rolls Royce contract win
Northcoders (AIM:CODE), the independent provider of training programmes for software coding, is pleased to announce that the Company’s Business Solutions division has been awarded a significant new contract with R² Factory, part of Rolls Royce Group to run a developer incubator programme with a contract value of £0.45 million. This new contract follows on from a similar programme that Northcoders ran successfully for R² Factory last year which has just finished.
During the last twelve months, Northcoders has secured multiple new contracts in its Business Solutions division, with KPMG and EMaC Ltd, among others.
Chris Hill, CEO of Northcoders Group plc, said: “We are really pleased that R² Factory and Rolls Royce have renewed their contract with our Business Solutions division for another year and this type of recurring business is testament to the high quality service that we provide for our clients. The developer incubator programme that we are running for them is the same as last year but with a different team made up of four junior and one senior developers.
“The continued success of our Developer Incubator programme within the Business Solutions division is key to the sustained growth of the business as we move into developing our new technical areas and continue in our mission to provide the UK with the technologists it needs while creating life-changing opportunities for individuals from all walks of life.“
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For further enquiries:
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Northcoders Group plc |
Via Buchanan |
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Chris Hill, CEO |
Tel: +44 (0) 20 7466 5000 |
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Charlotte Prior, CFO |
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WH Ireland Limited (Nominated Adviser & Joint Bookrunner) |
Tel: +44 (0)20 7220 1666 |
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Mike Coe / Sarah Mather (Corporate Finance) |
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Fraser Marshall (Corporate Broking)
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Peterhouse Capital Limited (Joint Bookrunner) |
Tel+44 (0) 20 7496 0930 |
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Lucy Williams |
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Duncan Vasey |
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Buchanan Communications |
Tel: +44 (0) 20 7466 5000 |
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Henry Harrison-Topham |
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Jamie Hooper |
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George Cleary |