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Crimson Tide Secures New Three-Year mpro5 Deal With Interserve
LONDON (Alliance News) - Software firm Crimson Tide PLC on Tuesday said it has won an additional GBP250,000 contract with construction and support services company Interserve PLC.
FTSE 250 constituent Interserve is to consolidate several of its existing systems into Crimson Tide's mpro5 platform. Interserve will use mpro5 for mobile scheduling, reporting and auditing of workflow and activities over several work streams which are currently served by legacy software providers.
The contract has the potential to increase to GBP360,000 in value over the three-year term.
"The order underpins the 'organic' take-up of the technology that forms part of our business model and is a further endorsement of our smart mobility software as a service and its benefits in enhanced staff performance, efficiency and cost reduction," said Barrie Whipp, Crimson Tide's executive chairman.
Shares in Crimson Tide were up 3.5% to 3.00 pence. Interserve shares were up 0.9% at 311.50p.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Latest IRV News
- Interserve wins ?7.6m contract with Department for Education
9 Sep 2019 - FRC launches probe into Grant Thornton's audits of Interserve
11 Apr 2019 - Interserve's support services arm attracts Mitie, Serco
18 Mar 2019 - CORRECT: Mitie Mulls Purchase Of Interserve Support Services Unit
18 Mar 2019 - PRESS: Mitie Mulls Purchase Of Interserve Support Services Unit - Sky
18 Mar 2019 - UPDATE: Interserve Completes Sale To Lenders Amid Administration
15 Mar 2019 - LONDON MARKET CLOSE: Brexit Relief Pushes Stocks Higher For The Week
15 Mar 2019 - UPDATE: Interserve Shareholders To Get Nothing In New Alternative Plan
15 Mar 2019
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