"2023 was a year of solid progress and put Datalex in a good position for 2024. As a sign of Datalex’s customers' confidence in both the strength of its products and the service it provides, the Company was delighted to sign a number of contract renewals during 2023. These continuing partnerships with existing customers, including Air China, Air Transat, JetBlue, Edelweiss and Aer Lingus, will enable Datalex to deliver further value to them over the coming years.
The Group was also pleased to continue to sign new partnerships in 2023. Notably, in December, Datalex entered in to a new 5-year partnership with Air Macau for Datalex’s Shopping and Pricing product.
Encouragingly, the Group entered 2024 with a strong recurring revenue base and has a solid pipeline of growth that will be unlocked once new customers are activated further.
We look forward to building on the progress achieved in 2023 to drive sustainable growth in the future." David Hargaden, Datalex Chairman
"In 2023, Datalex signed a number of long-term renewals with its existing customers that have set a solid foundation for future growth. We are particularly pleased that as part of the renewal process, Aer Lingus, Edelweiss and Air China will be migrating to Datalex's newest platform products. These renewals, along with the related investment by these airlines to migrate to Datalex's latest product suite, are not only a testament to the value of our long-standing partnerships with customers, but also a vote of confidence in where Datalex is bringing its products over the next 3 - 5 years.
Additionally, Air Transat signed a new deal which includes a continuation of their existing product solutions combined with Datalex continuing to provide further capability to them over the partnership to enable them to achieve their growth strategy and retailing ambitions. JetBlue also extended its partnership with Datalex for the maintenance of existing services.
It is hugely positive that the Group has continued to sign new customers over the past 18 months. It is a validation of the solution that Datalex provides to the airline market and also proof of Datalex’s ability to win in its market. The renewals of key customer accounts in 2023 not only increased Datalex’s recurring revenue base for the medium term, but also enabled the Group to move its customers to the Group’s streamlined revenue model.
I have been really encouraged by the level of passion and commitment I have seen across the business since I joined in November 2023. The Datalex team is focused on delivering value to its customers. This is a significant strength, as 2024 will be another year where we remain focused on delivering activation and transformation projects for our customers. These projects will be another stepping stone for our turnaround leading to sustainable and long-term growth.
I am more excited than ever about Datalex’s products and opportunities and look forward to working alongside my committed colleagues to maximise our potential into the future." Jonathan Rockett, CEO
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