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.


(Alliance News) - Crimson Tide PLC on Tuesday said it expects to report positive Ebitda for financial 2026, although revenue for the period was flat o...


(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:


Crimson Tide PLC - Turnbridge Wells, England-based field management software provider - Says it has renewed a 36-month contract with the UK branch of ...


LONDON (Alliance News) - Shareholders of Interserve PLC could lose everything under the terms of a rescue finance plan being discussed between the out...


LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 1.1%...


(Sharecast News) - Interserve, the construction and services company, said net debt would swell more than expected this year but maintained targets fo...


LONDON (Alliance News) - Interserve PLC said Friday it expects to record a significant improvement in operating profit for 2018, although its UK const...


LONDON (Alliance News) - London share prices are seen opening marginally lower on Friday which would add to a sharp fall on Thursday, as lingering con...


(Sharecast News) - Support services and construction group Interserve said it was selling Infrastructure and Industrial access and hard services busin...


LONDON (Alliance News) - Interserve PLC on Tuesday said it agreed to sell its Infrastructure & Industrial access and hard services business to Enigma ...


(Sharecast News) - Durham University has confirmed a £105m contract to build two new colleges to a consortium led by support services and construction...