(Alliance News) - Alfa Financial Software Holdings PLC on Monday said it won a new contract with an undisclosed US vehicle manufacturer.
The investment management services and software provider said it expects this new contract with an existing customer includes consultancy services to deliver an implementation of Alfa Systems and a multiple-year Alfa cloud-hosting arrangement.
The company did not provide any financial details of the deal, but said revenue under this contract provide further comfort over the company's plans for 2020 and beyond, Alfa said.
"We are excited to announce this new contract win which is our second with a major US auto manufacturer in 2020 and cements our position as a leading provider of software to the US auto leasing industry," said Chief Executive Andrew Denton.
Alfa shares were trading 1.7% higher in London on Monday at 66.00 pence each.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Alfa Fin (ALFA)