1Spatial Holdings Share News (SPA)

(Sharecast News) - Software and solutions firm 1Spatial said on Thursday that following an initial trial and implementation phase, Google Real Estate and Workplace Services had extended its contract for services to support the licensing of its rules engine and cloud portal.
1Spatial stated the extension to the contract was worth $500,000 in services to be delivered in the current financial year, in addition to the annual term licenses for the current deployments of $185,000 per annum.

The AIM-listed group stated its offerings were "data agnostic and extensible" and had been selected by Alphabet due to their ability to validate AutoCAD as well as IBM TRIRIGA, and their ability to add new data stores, including Google Big Query, Google's enterprise data warehouse product.

Chief executive Claire Milverton said: "This extension of our engagement with Google highlights the value that world-leading businesses place on the quality of their data, especially as both businesses and its staff contemplate the future of the workplace, further spotlighting the integral role 1Spatial can play. Data governance and integration sits at the heart of our offering and we are delighted to be supporting Google's Real Estate and Workplace Services team in the incredible work they do."

As of 1015 BST, 1Spatial shares were down 0.67% at 41.72p.