MADE TECH GROUP PLC

M&A Activity • Feb 28, 2022

National Storage Mechanism | Additional information

RNS Number : 9435C

Made Tech Group PLC

28 February 2022

28 February 2022

MADE TECH GROUP PLC

("Made Tech" or "the Group")

Major new contract with NHS Digital

Made Tech Group plc, a leading provider of digital, data and technology services to the UK public sector, is delighted to announce that a consortium including Made Tech has been awarded a two-year contract worth up to £37.5m with the Health and Social Care Information Centre ("NHS Digital").

The contract has been awarded through the NHS Digital Capability framework and will be delivered jointly by Made Tech and its consortium partner Answer Digital, with Made Tech expected to receive approximately half of the total contract value. Delivery under the contract has already commenced.

The contract significantly enhances revenue visibility for Made Tech in FY23 and FY24. The award is in line with the Group's stated strategy outlined at the time of IPO to increase Made Tech's presence in the Health & Social Care market.

Rory MacDonald, CEO of Made Tech, commented: 

"We are delighted to announce our first major contract within Health & Social Care. Twelve months ago, we began building a team focused on Health, and this contract is a testament to their hard work and focus.  We are also excited to be working with the NHS, one of the country's most cherished institutions, in its quest to further improve its speed of service and reduce waiting times. We look forward to delivering this contract and to growing our services to this key Health and Social Care market."

Enquiries:

Made Tech	c/o SEC Newgate
Rory MacDonald, CEO Deborah Lovegrove, CFO
Singer Capital Markets (Nominated Adviser & Joint Broker) Mark Taylor / Jen Boorer / Harry Gooden / Asha Chotai	Tel: +44 20 7496 3000
Berenberg (Joint Broker) Mark Whitmore / Ciaran Walsh / Alix Mecklenberg-Solodkoff	Tel: +44 20 3207 7800
SEC Newgate (Financial PR) Bob Huxford / Robin Tozer / Ian Silvera	Tel: +44 20 3757 6880 Email: madetech@secnewgate.co.uk

About Made Tech

Made Tech is a high-growth provider of digital, data and technology services to the UK public sector. Founded in 2008 and with a headcount of over 300 across multiple UK locations, Made Tech provides services that enable central government, healthcare and local government organisations to digitally transform. More information is available at www.madetech.com

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