LONDON (Alliance News) - Software firm BOS Global Holdings NL on Monday said it has signed a distribution agreement with Hong Kong software developer Ag-I Solutions Ltd.
Under the agreement, BOS will distribute AG-I products globally. BOS said it anticipates the agreement will generate revenue in the near term, though no financial details on the three-year deal were disclosed.
"This is a milestone agreement for BOS. It provides us with four new BOS branded products with an existing client base and therefore a new revenue stream to the BOS360 business," said BOS Managing Director Michael Travia.
Shares in BOS were up 64% to 7.99 pence on the news early Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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