Arcontech Group Share News (ARC)

Financial data provider Arcontech gained after it announced a new contract win by its Arcontech Ltd subsidiary for its CityVision market data distribution products with an unnamed international bank. The new business will generate revenues in excess of £1.4m over the next three years.'We continue to enhance our "CityVision" products which are aimed at firms seeking both vendor independence and cost efficiency for their vital high speed global data distribution needs, said chief executive Andrew Miller.'Notably, this latest deal includes not only core infrastructure but also a significant number of positions for our Excelerator real-time desktop product, which we believe has tremendous growth potential as banks strive to reduce costs whilst increasing performance and flexibility.'The group's shares are currently 20% higher.