Ten Lifestyle Group plc (AIM: TENG), a leading technology-enabled, global concierge platform for the world’s wealthy and mass affluent, is pleased to announce it has been engaged by a corporate client, with whom Ten has an existing Large1 contract, to support its global digital strategy to enhance customer experience and drive greater efficiencies.
The paid-for project involves Ten’s technology, product and content teams working to further develop Ten’s proprietary platform and content, under the client’s brand, to be used by their valued customers. Much of Ten’s digital services are already integrated into the client’s own customer-facing platform and this project further strengthens Ten’s position as the client’s trusted concierge technology partner.
The fee for this project is the equivalent of a Medium contract and is incorporated within the Group’s existing growth plan.
Alex Cheatle, CEO of Ten Lifestyle Group, said:
“This paid-for project is another example of how our corporate clients can be willing to invest into our technology platform to help their customer metrics and it signifies another vote of confidence in our technology and helps confirm Ten as a trusted technology partner.”
1 Ten categorises its corporate client contracts based on the annualised value paid, or expected to be paid, by the corporate client for the provision of concierge and related services by Ten as: Small contracts (below £0.25m); Medium contracts (between £0.25m and £2m); Large contracts (between £2m and £5m); and Extra Large contracts (over £5m). This does not include the revenue generated from suppliers through the provision of concierge services.