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LONDON (Alliance News) - Software-as-a-service provider Eagle Eye Solutions Group PLC said Monday it has agreed a GBP1.5 million extension to its credit facility with Barclays PLC.
Eagle Eye said the extension means it now has a GBP3.0 million revolving loan facility available until June 2019.
"I am pleased by Barclays' continued confidence in our growth prospects. Having seen our revenue increase by c.72% in the first half of our year, the increased facility will allow us to further deepen our relationships with our key Tier 1 clients, which will open up recurring transactional revenues in future periods," said Tim Mason, chief executive of Eagle Eye.
Shares in Eagle Eye Solutions were untraded early Monday, having last traded at 146.25 pence.
By Adam Clark; adamclark@alliancenews.com
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