Pelatro PLC - London-based marketing software specialist - Says it has won a contract with a Middle East telco, to provide its mViva Campaign Management and Loyalty Management solutions. The initial value of the licence contract is around USD1 million, payable over three years. "With this win, revenue visibility for 2022 stands at around USD8 million," the company adds.
Managing Director & Chief Executive Officer Subash Menon comments: "This win marks the entry of Pelatro into a new telco group with operations in multiple countries. We are confident of leveraging this win to expand within this group in the coming years. Further, this is the first win for us in the Middle East and will help us spread in that lucrative market."
Current stock price: 24.00 pence, up 9.1% on Wednesday
12-month change: down 38%
By Sophie Rose; sophierose@alliancenews.com
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