Cordel Group (CRDL)

Sector:

IT Services

Index:

FTSE AIM All-Share

7.25p
   
  • Change Today:
      0.63p
  • 52 Week High: 7.48p
  • 52 Week Low: 3.16p
  • Currency: UK Pounds
  • Shares Issued: 214.87m
  • Volume: 719,159
  • Market Cap: £15.58m

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Maestrano confirms launch of 'potentially transformational' platform in US

By Josh White

Date: Wednesday 14 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Open cloud business integration platform provider Maestrano Group has now successfully gone live with a platform for an unnamed major US-based banking customer, it announced on Wednesday.
The AIM-traded firm said the Maestrano platform was used by enterprises to assemble and serve integrated suites of cloud applications, with value-adding data analytics to drive engagement with their small and medium sized customers.

It said it had been working with the US bank for almost a year, developing new digital services using the platform, which allowed increased functionality for small and medium users.

The initiative had been introduced to the US bank's customers, with the first rollout now underway to a targeted initial audience, Maestrano explained.

It said the engagement data from that first phase rollout would be analysed to help define subsequent stages as the initiative developed.

Maestrano expected to collaborate with the bank to enhance functionality and user experience in support of driving ongoing adoption and usage.

"This is a major milestone for Maestrano and we are delighted to be working collaboratively with such a prestigious US bank," said chief executive officer Stephane Ibos.

"The commencement of live operations provides the opportunity to showcase our platform technology to a potentially huge customer base, as well as drive incremental revenues.

"This is potentially transformational for Maestrano and provides a significant opportunity for the company."

Ibos said analysts such as McKinsey reported that banks that implemented technology such as artificial intelligence, analytics and automation algorithms would enhance their value to customers by establishing an added personalised experience when using their services.

"This is Maestrano's purpose, and we look forward to reporting on the ongoing progress of the rollout of the US bank's Maestrano-driven digital services in the months ahead."

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Cordel Group Market Data

Currency UK Pounds
Share Price 7.25p
Change Today 0.63p
% Change 9.43 %
52 Week High 7.48p
52 Week Low 3.16p
Volume 719,159
Shares Issued 214.87m
Market Cap £15.58m

Cordel Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.28% below the market average38.28% below the market average38.28% below the market average38.28% below the market average38.28% below the market average
9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average9.76% below the sector average
Price Trend
81.31% above the market average81.31% above the market average81.31% above the market average81.31% above the market average81.31% above the market average
79.78% above the sector average79.78% above the sector average79.78% above the sector average79.78% above the sector average79.78% above the sector average
Income Not Available
Growth
48.11% above the market average48.11% above the market average48.11% above the market average48.11% above the market average48.11% above the market average
53.66% above the sector average53.66% above the sector average53.66% above the sector average53.66% above the sector average53.66% above the sector average

Cordel Group Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:21 225,000 @ 7.35p
14:59 10,000 @ 7.44p
13:46 111 @ 7.10p
13:00 66,729 @ 7.48p
12:26 10,000 @ 7.48p

Cordel Group Key Personnel

Chair Ian Buddery
CFO Natasha Dinneen

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