PTRO.L Share News (PTRO)

(Sharecast News) - Marketing software provider Pelatro has been awarded a $1.5m contract with Vietnamese mobile network operator Vinaphone for the supply of its mViva contextual marketing platform.Pelatro will provide the South East Asian telco with access to mViva as part of an effort to assist it in increasing revenues and customer engagement whilst reducing churn.The AIM-listed group also said the agreement would provide it with a fixed monthly fee in addition to a share of incremental revenues generated by customers using the platform.Chief executive Subash Menon said: "We have made an excellent start to 2019 with this contract win in a strategically important and large country in Asia which continues the momentum of expansion in the region."As mentioned in our trading update earlier this year we have a very healthy pipeline of contracts and look forward to updating the market further, as we continue to expand our customer base during this year."As of 0840 GMT, Pelatro shares had climbed 5.63% to 84.50p.