RS2 Software plc – Interim Directors’ Statement
RS2 Software plc announced that the performance for the second half of 2012 has exceeded targets with the conclusion of two significant licence contracts with new clients. In addition to the €5,000,000 licence and service contract awarded by a major service provider in Latin America, RS2 has now also concluded a €1,500,000 licence and service contract with a major European payment service provider of e-payment solutions.
The second half of 2012 was marked by the official inauguration of RS2’s new premises in Mosta that are now fully operational. These new premises are owned by RS2 and built with the specific requirements of its long term vision in mind, giving the Group full independence and allowing for further expansion of its business. The premises have also made it possible for the setting up of the Group’s new managed services arm – RS2 Smart Processing Ltd. An entire wing of approximately one thousand square metres is dedicated to the managed services operation and has been set up to adhere to the security requirements mandated by PCI (Payment Card Industry) standards.
Adding to its international dimension and following a successful conclusion of negotiations with IBM, RS2 Smart Processing has commissioned IBM for the hosting of its processing equipment at two sites in mainland Europe, one as the main production site and a second as a disaster recovery site.
In terms of the licence business, RS2 is in an advanced stage of negotiations for securing another significant licence agreement outside of Europe by the end of the current year.
As for the managed services, RS2 is also in an advanced stage of concluding a significant 3 year processing agreement before the end of the current year that will be generating regular monthly income for the duration of the contract.
The Board of Directors expect that the results for the second half of the year will significantly outperform those of the first half, with the overall performance expected to be better than 2011.
To view the official company announcement, click here.