LONDON (ShareCast) - (Sharecast News) - Software coding training provider Northcoders announced on Wednesday that its business solutions division had 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 £0.45m.
The AIM-traded company said the new contract followed on from a similar programme that Northcoders ran successfully for R2 Factory last year, which recently finished.

During the last 12 months, Northcoders said it had secured multiple new contracts in its business solutions division, with KPMG and EMaC among the clients.

"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." said chief executive officer Chris Hill.

"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."

At 1546 GMT, shares in Northcoders Group were down 1.64% at 300p.

Reporting by Josh White for Sharecast.com.

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