NETD.L Share News (NETD)

Education software supplier Netdimensions has won a deal from adhesive tape maker Tesa.Netdimensions said Tesa, part of German skincare products maker Beiersdorf, had chosen NetDimensions Learning as its new centralised global learning management system for its 3,900 staff in more than 50 countries.Tesa is part of German cosmetics group Beiersdorf, which makes Nivea skin cream.Netdimensions on Monday said annual revenue had risen 17% to $16.2m after adding 67 customers during the year including the likes of Royal Caribbean Cruises, KPMG and Jaguar Land Rover. It is particularly targeting the health, life sciences, financial services, energy, manufacturing and transportation markets.However, it said increased investment in the company had resulted in an adjusted pre-tax loss of $4m against a profit of $0.4m a year ago. Its pre-tax loss was $4.9m against $0.2m last time.Broker Panmure Gordon said the contract "fitted Netdimensions' target market like a glove" and advised investors to buy the stock with a 160p price target.Shares rose 1.75p or 2.4% to 74.75p by 10:35 in London.PW